Tag: Chinese steel prices fall amid decline in SHFE futures

The approaching holiday is dampening demand and causing price fluctuations. Baosteel raised prices on its hot-rolled coil (HRC) for March sales. Shagang Steel rolled over long steel prices for early-Feb’24 Chinese steel prices experienced a w-o-w decrease, driven by fall in Shanghai Futures Exchange (SHFE) futures. Spot iron, billet, coking coal prices witnessed a w-o-w…