Tag: China weekly: Steel prices decline on bearish demand outlook

Bearish steel demand outlook, falling HRC and rebar prices on the Shanghai Futures Exchange (SHFE), and the depreciation of the Chinese currency weighed on steel prices this week. However, coking coal prices gained support from an uptick in buying interest. Steel inventory at CISA mills stood at 17.71 mnt in mid-October 2022, up 1.40 mnt…