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

SHFE futures show downward trend Chinese HRC export volumes rise in H1 China’s steel prices dropped this week, mirroring a decline in Shanghai Futures Exchange (SHFE) steel contracts. Domestic prices for hot-rolled coil (HRC) and rebar fell alongside raw material prices, which saw a w-o-w decrease in the iron ore, billet, and coking coal markets.…