Tag: China weekly: Steel prices decreases amid low trade activities post Dragon Boat festival

Steel inventories increase in early-Jun’24 SHFE futures show downward trend Chinese steel prices showed downtrend this week following the decline in SHFE futures. Domestic prices of HRC, rebar, iron ore and billets showed a downfall. However, prices of coking coal remained stable. Chinese steel exports remained slow amid weaker global market demand. The China Iron…