Tag: China weekly: Steel prices edge up following uptick in futures

  • China weekly: Steel prices edge up following uptick in futures

    China weekly: Steel prices edge up following uptick in futures

    Chinese steel prices across product categories showed an uptrend following gains in HRC and rebar futures on the Shanghai Futures Exchange (SHFE) and improvement in domestic demand. January-February export-import data: i) China’s steel exports rose by 49% y-o-y to 12.19 mnt in January-February 2023 compared to 8.18 mnt in the same period last year. ii)…