Category: HRC
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China weekly: Steel prices rise on higher raw material costs, while demand recovery remains limited
Coke prices surge on supply tightness; third hike expected Elevated inventories signal limited downstream demand recovery China’s steel market strengthened in the week ended 28 August, driven primarily by higher raw material costs and firmer market sentiment. Rising input costs pushed up steelmaking costs, prompting mills to raise spot offers despite limited improvement in downstream…