Author: Shruti Tripathi
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China weekly: Steel prices trend higher on rise in futures, project optimism
Coking coal price edged up Domestic rebar prices rise China’s steel market witnessed a sharp price surge this week amid rise in Shanghai Futures Exchange (SHFE). Moreover, market sentiments was further lifted by expectations of tighter steel supply and large-scale project investments. Domestic steel product prices, including billet, hot-rolled coil (HRC) and rebar, surged w-o-w.…