Eastern China (Shanghai): 5,550-5,600 yuan ($869-877) per tonne, down by 150-160 yuan per tonne
Northern China (Tangshan) weekly assessment: 5,550-5,620 yuan ($869-880) per tonne, down by 160-170 yuan per tonne
A tumble in the most-traded HRC contract on the Shanghai Futures Exchange in afternoon trading on Thursday forced the contract to shed 282 yuan per tonne during the day, marking its biggest one-day loss since early August.
Spot trading was muted on Thursday afternoon; modest gains in the futures contract during night trading on Thursday and morning trading on Friday failed to prevent spot HRC prices in Shanghai from falling below the 5,600-yuan-per-tonne level in Shanghai on Friday.
The futures contract dropped to...