Tag: China weekly: Steel prices decline w-o-w amid weak demand adverse weather conditions

China’s steel prices witnessed downward trend this week amid weak demand from end users and adverse weather conditions. Steel inventory at key Chinese mills stood at 17.05 mnt in early-August, a m-o-m increase of 0.45 mnt, or 2.73%, as per China Iron and Steel Association (CISA) data. Inventory increased by 5.75 mnt or 50.93% compared…