Tag: Chinese steel prices increase w-o-w with rise in SHFE futures

SHFE futures show an upward trend Export offers remain stable Chinese steel prices showed an upward trend this week post-Qingming Festival. Domestic prices of HRC, rebar, iron ore and billets increased significantly, whereas, coking coal prices remained flat for the week. However, HRC export prices remained stable amid low demand globally. 1.Iron ore spot prices…