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

China’s steel market displayed a downtrend this week. Notably, domestic prices of hot-rolled coils (HRC) and rebar decreased w-o-w, with billets also witnessing a weekly drop. However, in the raw materials segment, spot iron ore prices stayed firm but coking coal went up over the week. The China Iron and Steel Association (CISA) has announced…