Author: Ankit Tamrakar
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China weekly: Steel prices downtrend, mirroring decline in SHFE futures
Spot iron ore prices fall $5/t w-o-w on weak fundamentals Australian coking coal dips $1/t amid bid-offer disparities China’s steel market displayed a bearish trend this week, with Shanghai Futures Exchange (SHFE) prices trending downward. Notably, domestic prices of hot-rolled coils (HRC) and rebar declined w-o-w, while billet prices also saw a weekly drop. In…