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.
steel demand will gradually ebb, as the pressure on economic growth is moderate,