Eastern China (Shanghai):
4,870-4,950 yuan ($754-767) per tonne, up 40-110 yuan per tonne
A Shanghai-based trader said some downstream buyers started to book materials, although trading activity overall remained low.
He said some buyers were worried about further price rises, but many others were waiting for prices to retreat since they already have some material at hand.
Sellers kept asking higher prices throughout the day amid futures jumps, he said.
A Tianjin-based trader said trading activity in futures had been active recently amid fears over inflation, while many investors believe steel...