China’s steel prices drop amid weakening demand, more decline expected in Q4
China’s steel prices drop amid weakening demand, more decline expected in Q4

China’s steel prices drop amid weakening demand, more decline expected in Q4

 

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China's steel prices decline rapidly amid weakening demand and lower material prices and prices are likely to slide further in the fourth quarter, said industry insiders.

"Demand from several steel-consuming industries is sliding. The steel rebar industry slipped from a strong rally into broad losses last month," a steel product salesperson surnamed Wu at a leading Chinese steelmaker told Yuan Talks.

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