CISA: China's steel prices stay rangebound, raw material costs in focus

China's domestic steel prices continue to fluctuate within a narrow range, as demand has yet to see any significant recovery, according to the latest monthly report of the China Iron & Steel Association (CISA), warning that sustained attention should be paid to raw material and fuel costs.

The association noted that since March, steel inventories held by both Chinese steel mills and traders have remained persistently higher than during the same period last year, indicating that the recovery in demand cannot fully absorb the supply-side increase brought about by the seasonal resumption of production among domestic