Eastern China (Shanghai):
5,740-5,780 yuan ($884-890) per tonne, up 150-170 yuan per tonne
Several Shanghai-based traders said sellers were motivated to issue high offers due to a strengthening of the futures market in response to the Tangshan government ordering mills to suspend their sintering equipment.
That is to help curb pollution in northern China, it said in a document issued on Sunday.
Steelmakers that are already enjoying profit margins of 1,000-1,300 yuan per tonne for some time - especially private mills - will...