Tag: China Weekly: Steel prices edge up following uptrend in SHFE futures

Billets, HRC prices rise, but rebar holds steady Inventories at mills down 5% from mid-Jun levels The Chinese steel market saw uptrends in prices this week. Domestic steel prices, including billets and hot-rolled coils (HRCs), rose w-o-w. However, rebar held stable compared to last week. While raw material prices such as iron ore and coking…