Tag: China weekly: Steel prices rise w-o-w amid positive demand outlook

Chinese steel prices rose this week amid the hike in SHFE futures and following the People’s Bank of China releasing a notice regarding financial support for the property sector. Expectations of demand recovery post Lunar New Year holidays also pushed prices higher. December export-import data i) China’s steel exports dropped 3.3% m-o-m to 5.40 mnt…