Eastern China (Shanghai):
3,840-3,850 yuan ($565-566) yuan per tonne, narrowing upward by 10 yuan per tonne
A Shanghai-based trader said sellers in the city were able to secure orders at slightly higher prices on Thursday after rising futures improved sentiment.
A second Shanghai-based trader said this had emerged as a result of reports of a drop in HRC output among producers in the past week. This led to expectations among market...