China's steel market is expected to stay under pressure from the dual impact of high raw material costs and the upcoming off-season for steel consumption in summer, despite domestic steel prices continuing to rise since the second half of April, according to the latest monthly report of the China Ir

Imported iron ore prices in China are facing renewed downward pressure as the stricter measures rolled out by the world's largest ore buyer to address overcapacity in its steel industry point to further constraints on the country's medium- to long-term demand for the steelmaking ingredient, Mysteel

China's stainless steel scrap imports jumped 37.6% month on month to 19,431 tonnes in April, which was also higher by 60.2% from April last year, according to new data from the General Administration of Customs (GACC).