Eastern China (Shanghai)
: 5,450-5,520 yuan ($853-864) per tonne, widening by 10-50 yuan per tonne.
The most-traded HRC futures contract on the Shanghai Futures Exchange touched a one-week low of 5,197 yuan per tonne on Tuesday before closing slightly above Monday’s close.
Inventories of HRC in China stood at 1.58 million tonnes as of the end of May. That is 320,000 tonnes lower than the same period last year but 50,000...