Eastern China (Shanghai):
3,540-3,550 yuan ($494-496) per tonne, up 10-30 yuan per tonne
Northern China (Tangshan):
3,500-3,510 yuan per tonne, up 20-30 yuan per tonne
Optimism over the general domestic HRC price trend grew after market participants heard about the reduction in stock levels.
A domestic steel consultancy said that China’s spot market HRC inventories totaled 2.91 million tonnes on...