Tag: China Weekly: Steel prices shows uptrend with rise in SHFE futures

The Chinese steel market experienced a significant uptick, largely mirroring the rise in Shanghai Futures Exchange (SHFE) prices. Domestic steel product prices, including billet, hot-rolled coil (HRC), and rebar, saw w-o-w increases. Iron ore prices also experienced a slight upward trend, while coking coal prices remained relatively stable. 1. Iron ore spot prices climb $4/t…