Tag: #chinaweekly
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China weekly: Steel prices weaken as seasonal demand fails to absorb rising supply
Steel inventories rise 3% as weak demand pressures prices Rebar and HRC prices fall amid seasonal demand weakness China’s steel market remained under pressure during the week ended 24 July 2026, as seasonal demand weakness, rising inventories and uneven downstream consumption outweighed support from mill maintenance, lower raw material costs and policy expectations. Total steel…