Tag: Chinese domestic steel prices show mixed trends amid

Chinese steel prices show mixed trend during holidays even as SHFE futures decline

Feb 10, 2024

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by

Snehal Govardhan

in HRC

Steel inventories at CISA mills drop in late-Jan’24 Low purchasing activity during CNY holidays HRC export offers fall w-o-w Chinese steel prices showed a mixed trend this week before the Lunar New Year holidays. Spot iron ore and HRC prices inched up, whereas billet and rebar prices remained unchanged. However, coking coal prices witnessed a…