Tag: China’s monthly average HRC & rebar price trend (Jan’21-May’24)
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China’s steel market fluctuates in April, may rebound marginally in May
In April 2024, China’s steel prices fluctuated and eventually rebounded thanks to the confluence of several factors. These included government policies, and increase in downstream demand, which led to depletion of social inventory (inventory outside of mills). Overall in April, the national average steel price was at RMB 3,988/tonne ($522/t), down RMB 71/t ($10/t) m-o-m…