Tag: China weekly: Steel prices show mixed trends amid soft raw material market

CISA mills inventory drops 6% against mid-May levels Weak domestic demand, cautious buying to persist China’s steel market remained firm this week. Notably, domestic prices of hot-rolled coils (HRC) remained firm while rebar inched up w-o-w, with billets also witnessing a weekly rise. However, in the raw materials segment, spot iron ore and coking coal…