Eastern China (Shanghai):
3,890-3,910 yuan ($556-559) per tonne, widening upward by 10 yuan per tonne
Northern China (Tangshan):
3,640 yuan per tonne, narrowing upward by 10 yuan per tonne
A Shanghai-based trader reported moderate trading activity in eastern China during the day.
Although some downstream buyers have slowed down on their procurement due to their plans to suspend operations when the Chinese New Year approaches, some securities companies have started to buy more HRC from suppliers in the north, he said.
This is because they...