Category: HRC
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China weekly: Steel prices show mixed trends reflecting divergent movements of SHFE futures
Iron ore gains on hopes of firmer downstream demand Shagang Steel cuts its rebar prices by RMB 100/t ($14/t) China’s steel market displayed a mixed performance this week, with Shanghai Futures Exchange (SHFE) prices showing mixed trends. Notably, domestic prices for hot-rolled coil (HRC) remained unchanged for the week, while rebar and billet prices saw…