Eastern China (Shanghai): 3,920-3,940 yuan ($569-572) per tonne, up 60-70 yuan per tonne
Northern China (Tianjin): 3,840-3,860 yuan per tonne, up 10-20 yuan per tonne
Spot prices surged in Shanghai following gains in the futures market and with mills offering their products at higher levels.
But trading activity dropped in the afternoon after buyers refused to give in to the higher prices.
A trader in the region said most transactions were concluded at the higher end of the assessed price range in the...