Steel prices see more downside as a bleak growth outlook warrants more production cuts
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Update time : 2022-09-06 22:05:28
Steel prices have remained vulnerable for the past few weeks as a slowdown phase in the world’s largest metal-consuming economy has trimmed growth prospects further. The Chinese economy is facing the headwinds of a resurgence in Covid-19. Lockdown curbs have been announced by the administration to contain the spread of the pandemic, which has forced restrictions on the movement of men, materials, and machines.
