Tag: #chinasteelprices
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China weekly: Steel prices weaken as demand recovery remains subdued
HRC prices fall RMB 50/t ($7/t) amid weak buying Mill inventories rise 2% in early Sep as demand lags China’s domestic steel prices fell during the assessment week ended 18 September as the expected seasonal recovery in steel demand failed to materialise. Hot-rolled coil (HRC) prices fell more sharply than rebar, while inventories at key…