Tag: China weekly: Steel prices show down trend mirroring decline in SHFE futures

Spot iron ore prices fall $5/t w-o-w on weak fundamentals Australian coking coal dips $1/t amid bid-offer disparities China’s steel market displayed a bearish trend this week, with Shanghai Futures Exchange (SHFE) prices trending downward. Notably, domestic prices of hot-rolled coils (HRC) and rebar declined w-o-w, while billet prices also saw a weekly drop. In…