Eastern China (Shanghai):
3,450-3,480 yuan ($494-498) per tonne, up 20 yuan per tonne
Northern China (Beijing):
3,320-3,360 yuan per tonne, up 20 yuan per tonne
People's Bank of China (PBOC) plans to cut the RRR for some banks by 0.5-1 percentage points from March 16, potentially releasing around 500 billion yuan into the lending market.
Steel demand is...