Tag: China weekly: Steel prices show gradual recovery amid rising futures prices

China’s domestic steel prices increased this week following a sharp rise in HRC and rebar prices on the Shanghai Futures Exchange (SHFE). However, coking coal prices remained largely stable w-o-w due to dull demand amid soaring energy prices. Steel inventory at key Chinese mills stood at 15.94 million tonnes (mnt) in late August, a m-o-m…