Tag: China weekly: Steel prices decrease amid decline in SHFE futures

SHFE futures show downward trend Chinese HRC export offers fall China’s steel prices declined for the week following the fall in SHFE futures. Domestic prices of HRC, rebar, iron ore, billets and coking coal showed a downward trend. China’s crude steel production rose by 8.1% m-o-m to 92.86 million tonnes (mnt) in May 2024 as…