Tag: following decline in SHFE futures

Iron ore spot prices dip by $2/t w-o-w Tangshan billet prices plunge $50/t w-o-w China’s steel market experienced a downturn this week. Shanghai Futures Exchange (SHFE) prices fell, with hot-rolled coil (HRC) and billet prices both declining w-o-w. Rebar prices held steady, while raw material costs also decreased, as spot iron ore and coking coal…