NOTE: No news updates over Sept 20-21 due to the Mid-Autumn Festival in China.
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MYSTEEL: China steel price may fluctuate and ease in H2

ABSTRACT

China’s steel prices will be more reflecting its fundamentals in the second half of 2021, with possible moderate fluctuations in the third quarter and then softening in the fourth quarter in the context that steel demand will slow down in the growth and production costs will ease on higher supplies in raw materials, Mysteel’s research centre shared its outlook for the remainder of 2021.
For the latter half of 2021, “Global commodities prices will gradually return to the normal range, reflecting the true fundamentals, as monetary policy will be tightened globally on the economic recovery and growing concern on inflation,” the research centre projected. “For China, steel demand will gradually ebb, as the pressure on economic growth is moderate, financial

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