Eastern China (Shanghai):
3,710-3,730 yuan ($524-527) per tonne, down 10-20 yuan per tonne
A Shanghai-based trader said that floods and heavy rain across the country had let to a weakening of HRC demand.
Local media reported last Saturday that floods across 26 provinces in China had caused economic losses amounting to some 27.8 billion yuan.
Meanwhile, inventory levels continue to rise.
A domestic steel consultancy reported on Monday that HRC inventory in...