Eastern China (Shanghai): 4,010-4,020 yuan ($598-600) per tonne, up 40-50 yuan per tonne
Northern China (Tianjin): 3,950-3,960 yuan per tonne, up 50 yuan per tonne
Transaction prices gained traction during the day after mills raised their offers.
Trading activity was described as “moderate,” with buyers said to be more willing to accept prices higher than those last Friday, a Shanghai-based trader said.
This suggested that end users were consuming HRC steadily, though some of them refrained from placing more orders when prices rose...