Eastern China (Shanghai): 4,020-4,030 yuan ($589-590) per tonne, down 10-20 yuan per tonne
Northern China (Tianjin): 3,890-3,900 yuan per tonne, down 10 yuan per tonne
HRC prices in China’s major markets fell on Monday after mills lowered their offers by as much as 40 yuan per tonne over the weekend.
A Hangzhou-based trader said that mills had been experiencing a shortage of orders of late amid several weeks of subdued trading.
While trading activity in both Shanghai and Tianjin had fallen from levels seen late last week,...