WEEKLY SUMMARY: China's prices of key steel raw materials dip

China's imported iron ore prices lost ground in both spot and futures markets over April 7-11, as market sentiment wavered amid the tariff turmoil stirred up by US President Donald Trump's aggressive tariff policies, as reported. Meanwhile, metallurgical coke prices in China also weakened, despite the price hike initiated by coke firms.

The domestic steelmakers remained active in hot metal production last week, with the blast furnace capacity utilization rate among the 247 Chinese steel mills under Mysteel's regular survey rising for the seventh consecutive week to average 90.19% during April 4-10, the highest since mid-November 2023. Iron ore: On April 11, Mysteel