14
Jul
10:08
Declining July steel production may support Chinese prices
The Chinese steel market has rebounded from last week thanks to loose financial policy. Market participants expect steel prices to firm up in July, following the decline in steel mill output, Kallanish notes.
The latest data from the China Iron & Steel Association show that in the first ten days of July crude steel output at key steel enterprises dropped to 21.376 million tonnes. The average daily crude steel output of these steel companies fell by 5.56% …
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Anonymous
Very good overview of the weekly steel market.
Anonymous