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CISA: Shrinking demand may hamper China steel prices

Chinese steel prices are expected to stay rangebound in the coming term in response to shrinking demand from end-users and ample supply, according to the latest monthly report of the China Iron & Steel Association (CISA) published on October 21.
Although domestic demand has remained stable this month – autumn is a traditional peak season for steel usage in China – steel consumption among end-users is likely to soften gradually with the cooling weather, the association pointed out. The decline in steel use will be of little support to domestic steel prices, CISAwarned. In parallel,

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