Eastern China (Shanghai)
: 3,800-3,860 yuan ($565-574) per tonne, widened by 10 yuan per tonne on both ends
Northern China (Beijing)
: 3,790-3,850 yuan per tonne, widened upward by 20 yuan per tonne
China’s value-added tax will be lowered to 13% on April 1 from the current 16% for the manufacturing industry, and to 9% from 10% for the construction and transportation sectors, state-owned news agency Xinhua reported.
In response to the development, some buyers raised their procurement...