Tag: China weekly: Steel prices show mixed trends amid sharp decline in SHFE futures

Chinese steel prices exhibited mixed trends this week amid sharp decline in SHFE futures and economic work conference which failed to release more stimulus measures. The average daily crude steel output of CISA-affiliated mills stood at 1.96 million tonnes (mnt) in mid-December, down 1.15% from early-December. Steel inventory at CISA mills stood at 15.99 mnt…