Eastern China (Shanghai):
5,850-5,920 yuan ($909-920) per tonne, up by 30-50 yuan per tonne
Northern China (Tangshan):
weekly assessment: 5,780-5,830 yuan ($898-906) per tonne, up by 60-80 yuan per tonne
The most-traded HRC contract on the Shanghai Futures Exchange reached a high of 5,968 yuan per tonne in overnight trading, its highest level since August 2. It later pulled back and finished the day on Friday slightly lower than Thursday's close.
With shrinking output suggesting that China is on track to prevent its crude steel output from exceeding...