Tag: Chinese steel prices downtrend but market optimistic of upturn post-Lunar fest

Weak global commodities influence China market Iron ore trips as BF mills opt for maintenance Electric furnaces cool down, impact scrap prices Morning Brief: Chinese steel prices fell marginally in December 2024. Benchmark hot rolled coils (HRCs) in Tangshan slid a negligible less than 1% m-o-m to RMB 3,585/tonne ($489/t) in December from RMB 3,613/t…