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

The Chinese steel market saw an uptickin prices this week, largely mirroring the rise in Shanghai Futures Exchange (SHFE) prices. Domestic steel product prices, including billet, hot-rolled coil (HRC), and rebar, saw w-o-w increases. Iron ore prices also experienced a slight upward trend this week. 1. Iron ore spot prices increase by $2/t w-o-w: The…