Tag: SHFE futures decline
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Chinese steel prices yet to gain momentum on high inventories
Steel inventories at CISA mills increase in mid-February SHFE steel futures decline HRC export offers remain unchanged Chinese steel prices showed mixed trends this week amid low demand. Prices of HRC, rebar, coking coal and billet declined w-o-w, whereas iron ore prices inched up w-o-w. The decline in prices can be attributed to low domestic…