Eastern China (Shanghai)
: 3,970-4,000 yuan ($577-581) per tonne, up 10 yuan per tonne
Northern China (Beijing)
: 3,900-3,930 yuan per tonne, up 10-20 yuan per tonne
A steelmaker in Tangshan was reported to have ignored the municipal government’s directive to keep production rates below 50% to lower emissions in the region. An official of the mill was put under administrative detention over the weekend, according to local media reports.
These developments led to expectations emerging over...