Eastern China (Shanghai): 3,840-3,860 yuan ($572-575) per tonne, unchanged
Northern China (Tianjin): 3,760-3,780 yuan per tonne, unchanged
Buyers, especially stockists, cut their procurement rates on seeing the weakening futures market, sources said.
End-user demand for HRC has not increased significantly, so stockists took a more prudent approach in replenishing their inventories, a trader in Shanghai said.
This resulted in lower sales during the day...