Tag: China weekly: Steel prices drop w-o-w amid uncertain market outlook

Iron ore spot prices stable w-o-w HRC export offers drop $5/t w-o-w China’s steel market trended downward this week, driven by uncertain conditions and sluggish demand. Domestic steel prices, particularly for billets, rebar, and hot-rolled coils (HRCs), declined due to weak buying sentiment in the finished steel market and volatility in futures trends. 1. Iron…