NOTE: No news updates over Sept 20-21 due to the Mid-Autumn Festival in China.
UTC+8 ( BJT)

MYSTEEL: China’s steel prices to see more growth in Aug

ABSTRACT

Support from China’s macro-economic environment and steel-market fundamentals may lead Chinese steel prices to record further gains in August, albeit with some fluctuations, Wang Jianhua, Mysteel’s chief analyst, shared in his latest monthly outlook report.
“There’s a growing market consensus (that prices will move northwards) and confidence is growing, but on the other hand, buyers are increasingly worried about how high prices might rise too,” he observed. At the macro policy level, Beijing’s goal of stable economic growth will be the “anchor” for growth in steel

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