Domestic
Eastern China (Shanghai): 3,880-3,900 yuan ($564-567) per tonne, down 10 yuan per tonne
Northern China (Tianjin): 3,840-3,860 yuan per tonne, widening downward by 10 yuan per tonne
Spot prices weakened across the country with trading activity falling from levels seen a day earlier.
A Shanghai-based trader said this was due to sentiment being dampened by a drop in the futures market after several domestic steel consultancies reported an increase in HRC inventory levels nationwide over the past week despite ongoing production cuts in the northern region.
A Beijing-based source said...
