Eastern China (Shanghai): 3,830-3,840 yuan ($554-555) per tonne, down 10 yuan per tonne
Northern China (Tianjin): 3,780-3,800 yuan per tonne, unchanged
Trading activity fell after prices bounced back on Tuesday, tracking an overall retreat in the country’s steel market.
While prices for HRC dropped by 10 yuan per tonne in Shanghai, those for hot-rolled steel strip in northern China fell by up to 30 yuan per tonne due to the weakened buying interest.
Sentiment deteriorated during the day in response to a softening of the futures market as quickly as it...