Eastern China (Shanghai):
3,500-3,510 yuan ($502-504) per tonne, down 10 yuan per tonne
Northern China (Tangshan):
3,270 yuan per tonne, unchanged
Sellers in Shanghai were asking for 3,500-3,510 yuan per tonne during the day, but trading activity was sparse. Most deals were done at the lower end of that range.
A Shanghai-based trader said demand remained weak due to sustained logistical bottlenecks. Furthermore, only some companies downstream have returned to work.
Pessimism remained after a domestic steel consultancy reported that HRC inventory levels at...