Eastern China (Shanghai): 3,970-4,000 yuan ($577-582) per tonne, down 10 yuan per tonne
Northern China (Beijing): 3,900-3,930 yuan per tonne, unchanged
Steelmaking restrictions are anticipated in September in northern China and parts of eastern China to improve air quality ahead of the country’s 70th National Day, although no official announcement has been made. A military parade is expected to be held over the October 1-7 celebrations, according to sources.
As such, traders in the spot market are not...