Eastern China (Shanghai): 3,500-3,520 yuan ($495-498) per tonne, unchanged
Northern China (Tangshan): 3,500 yuan per tonne, narrowing upward by 10 yuan per tonne
Trading activity remained moderate in Shanghai, while that in Tangshan was described by a source there as “robust.”
Additional support came from a tighter supply in the market, which resulted from mills being able to secure a substantial number of orders in the past couple of weeks by lowering their offers.
But a trader in Shanghai cautions that market participants should not be too optimistic about...