Eastern China (Shanghai):
5,860-5,890 yuan ($910-915) per tonne, up by 20-40 yuan per tonne
Reduced supply remained supportive of steel prices on Monday, with data showing that production in China shrank sharply in late September after various regions escalated production curbs due to electricity supply shortages
or the rush to meet energy intensity and consumption targets
before the end of the year.
The China Iron and Steel Association reported on Monday...