Tag: China weekly: Steel prices drop w-o-w on declining SHFE futures

Iron ore spot prices down $4/t w-o-w HRC export offers drop $5/t w-o-w The Chinese steel market faced a significant decline, following the downward trajectory of Shanghai Futures Exchange (SHFE) prices. Domestic steel products, including billets, hot-rolled coils (HRC), and rebars, witnessed w-o-w price drops. Additionally, prices of key raw materials like iron ore and…