Tag: China weekly: Steel prices fall w-o-w amid decline in SHFE futures

Iron ore spot prices decline $1/t w-o-w HRC export offers fall $10/t w-o-w The Chinese steel market faced a significant decline, following the downward trajectory of Shanghai Futures Exchange (SHFE) prices. 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…