Author: Nabeera
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China weekly: Steel prices edge higher w-o-w on raw material support, gains in SHFE futures
Positive macroeconomic outlook, firm restocking fuel iron ore price hike Met coke market remains weak as steel mills make cautious purchases China’s steel prices edged higher this week, supported by gains in SHFE futures and higher raw material costs. Domestic hot-rolled coil (HRC) and rebar prices rose marginally w-o-w. Raw materials, including iron ore and…