Tag: China weekly: Steel prices showed down trends w-o-w amid fall in SHFE futures

Coking coal inches up, but oversupply may cap gains Spot iron prices dip $2/t w-o-w amid oversupply China’s steel market witnessed a downtrend this week, influenced by falling SHFE futures. Notably, prices of hot-rolled coils (HRCs), billets, iron ore and rebar decreased w-o-w amid subdued demand. However, prices of coking coal inched up from the…