Tag: #chinaweekly
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China weekly: Steel prices rise on higher raw materials costs
Chinese steel prices climb amid stronger post-holiday market sentiment. Raw material costs rise while downstream buyers remain cautious. China’s steel prices moved sharply higher in the week ended 8 May 2026, with domestic hot-rolled coil (HRC) and rebar prices recording notable week-on-week (w-o-w) gains. On the raw materials front, prices of iron ore, coking coal,…