China's steel demand for rebar & HRC both not resume yet
Views : 549
Update time : 2020-06-25 22:26:21
According to the market in China, the current futures of rebar and hot-rolled coil (HRC) in China were both faced weak currently, mainly due to the over-supply situation.
Affected by the off-peak season, the current demand in the downstream of China on rebar and HRC was not strong enough for steel mills to increase the prices, and the market evaluated that the supply was hard to decrease in the short-term.
Based on that, the market was looking forward to the stimulating policy from the government and wished the demand in the market could resume as soon as possible.
Iran's alumina powder production sees 5% growth
US aluminium plates, sheets and bars exports downtrend by 2.77% in Q3 2024, attributed to Canada
Africa’s primary aluminium production from January to November 2024 sees a 1.5% dip
Christmas boost for aluminium market: Prices climb on SMM, led by A00 ingot and alumina
