Steel prices see more downside as a bleak growth outlook warrants more production cuts
Views : 151
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.
Entering the Chinese New Year holiday, market trading is sluggish
Trade & Pricing: Europe's billet market trend 2024-2025
