Tag: China weekly: Steel prices rise amid improved demand drop in inventories

This week Chinese steel prices rose amid improved demand, rising futures and declining inventories. However, coking coal prices witnessed a downtrend due to seasonal disruptions. Steel inventory at key Chinese mills stood at 19.03 million tonnes (mnt) in mid-July, a m-o-m increase of 5.45%, as per China Iron and Steel Association (CISA) data. The average…