Tag: China weekly: Steel prices show upward trend with rising inventories

Steel inventories rise in mid-May’24 Shagang Steel keeps long steel prices stable Chinese steel prices showed an upward trend this week, with HRC, rebar, billet, coking coal and iron ore prices rising. HRC export offers, however, fell this week and domestic demand remained sluggish. The average daily crude steel output of CISA-affiliated mills stood at…