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

Politburo meeting fails to deliver significant stimulus Iron ore spot prices drop but Aussie met coal edges up China’s steel market witnessed a downtrend this week amid drop in Shanghai Futures Exchange (SHFE) contracts. Domestic steel product prices, including billet, hot-rolled coil (HRC) and rebar, fell w-o-w. Moreover, in the raw materials segment, iron ore…