Tag: China Weekly: Steel market rally continues even as raw material prices drop

The Chinese steel market witnessed mixed sentiments this week with prices of raw materials declining while the rally continued for semi-finished and finished steel. The average daily crude steel output of CISA-affiliated mills stood at 2.09 million tonnes (mnt) in mid-February 2023, up 1.49% from early-February. Steel inventory at CISA mills stood at 19.53 mnt…