Eastern China (Shanghai):
5,480-5,520 yuan ($838-844) per tonne, down 50-70 yuan per tonne
A Shanghai-based trader said sellers in the spot market sold HRC at 5,480-5,500 yuan per tonne in the morning, but they were able to secure orders at 5,500-5,520 yuan per tonne in the afternoon after sentiment improved slightly after futures rebounded.
Trading activity overall was moderate during the day, he said.
A Tianjin-based trader believes HRC prices will weaken in the...