Tag: #chinaweekly
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China weekly: Steel prices decline on rising inventories, lower raw material costs
Steel inventories climb despite production cuts as demand slows Iron ore prices drop $3/t amid weak buying, abundant supply Chinese steel prices fell in the week ended 1 August 2026 as seasonal weakness in downstream demand, rising inventories, and softer raw material costs continued to weigh on market sentiment. Steel price trends Rebar prices decline…