Global steel export offers drop m-o-m in June

\Chinese mills dangle price advantage as domestic demand take hit. Japan, EU see reduced manufacturing, construction activity. Indian mills fail to compete with Chinese price tags. Tukiye mills disadvantaged by depreciated lira.

Morning Brief: Even if some of the global benchmark export offers did show an uptick in May, there has been an across-the-board decline in June m-o-m, reveals data collated by SteelMint. Hot rolled coil (HRC) offers from the giant, China, which shapes commodity sentiments globally, dip 2% or by $13/tonne in