Steel prices in China, the world’s biggest steel producer and consumer, rose mildly last week as market sentiment improved slightly but demand remained subdued, latest industry data showed.
The composite steel price index compiled by industry watcher Mysteel.com rose to 97.84 points last week, up 0.81 percent from a week earlier.The figure pointed to increased market confidence, but higher freight rates and weaker-than-expected demand put a lid on transactions, according to a Mysteel.com report. (…)
