Eastern China (Shanghai):
3,590-3,600 yuan ($502-504) per tonne, down 20 yuan per tonne
Northern China (Tangshan):
3,540 yuan per tonne, down 20 yuan per tonne
Traders in the spot market lowered their prices accordingly after mills cut their offers in the morning.
A Shanghai-based trader said that the price cuts were not because trading activity was too low, but that mills...