Tag: China weekly: Domestic steel industry navigates challenging market conditions amid weak demand

HRC, billet tags drop by $3-4/t w-o-w Shagang Steel trims long steel prices The Chinese steel market faced significant challenges this week, evidenced by recent price declines on the Shanghai Futures Exchange for hot-rolled coils (HRCs) and billets. This downturn was driven by escalating international trade barriers, including tightening EU import quotas in April, and…