Eastern China (Shanghai): 3,700-3,710 yuan ($525-526) per tonne, up 40 yuan per tonne
Northern China (Tangshan): 3,700 yuan per tonne, up 30-50 yuan per tonne
Mills in northern China raised their ex-works offers by around 30 yuan per tonne after buying activity strengthened on Monday in comparison with last Friday.
But on Tuesday, this activity slowed down, with fewer buyers being willing to meet sellers’ asking prices.
Several sources expect HRC prices to strengthen further in the near term, especially in Shanghai where...