Tag: China weekly: steel prices show downward trend post holidays with decline in SHFE Futures

Steel inventories at CISA mills increase in mid-February SHFE steel futures decline w-o-w Low purchasing activity post-CNY holidays Chinese steel prices showed downward trend this week post Lunar New Year holidays. Prices of HRC, iron ore, billet and rebar declined w-o-w. whereas, coking coal prices remained unchanged. The China Iron and Steel Association (CISA) reported…