Author: Shruti Tripathi
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China weekly: Steel prices show slight uptick amid marginal rise in SHFE futures
CISA reports mid-October inventory rise Crude steel output down by 4.6% y-o-y China’s steel market saw a slight uptick this week, with modest increase in futures. Domestic prices of hot-rolled coils (HRCs) and rebars rose marginally. Notably, raw material prices also displayed a mild price correction w-o-w, with iron ore tags, billet tags showing firmness…