Tag: China weekly: Steel prices decline amid weak demand falling futures

Chinese steel prices witnessed a downtrend this week amid weak demand and falling futures. Steel inventory at key Chinese mills stood at 16.94 mnt in late-June, a m-o-m decrease of 17.42%, as per China Iron and Steel Association (CISA) data. The average daily crude steel output of CISA-affiliated mills was recorded at 2.09 mnt in…