Infograph: China's Finished Steel Prices Losing Momentum
Source: Mysteel
Dec 16, 2020 13:00
The downward correction in steel prices this week followed the overall uptrend seen last week when prices of raw materials including iron ore surged. Market sources believe that HRC enjoys firmer demand than rebar as global manufacturing is in rapid recovery from the pandemic – Chinese manufacturing sectors too, such as autos – but that steel supply worldwide cannot satisfy the demand near term.
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