Some Chinese steelmakers cut prices amid weak demand, futures of steel, iron ore hit limit-down
Some Chinese steelmakers cut prices amid weak demand, futures of steel, iron ore hit limit-down

Some Chinese steelmakers cut prices amid weak demand, futures of steel, iron ore hit limit-down

 

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

 

 

Several Chinese steelmakers recently cut prices amid weaker-than-expected demand and analysts estimate that steel demand will remain sluggish in coming months.

On Monday, seven Chinese steelmakers cut prices of construction steel products by 10 - 600 yuan per tonne, with Jiangsu Shagang Group slashing prices of high-speed steel, coiled reinforced bars and construction steel rebars by 600 yuan per tonne, according to consultancy Mysteel.

Sign In or Subscribe To Get Full Access.

 

Everything on The Wire.

We Cover China Market In Real-Time Mode. Follow Us To Stay Updated!

 

TRY FOR FREE. 

Subscribe Now! 

Easy Cancel Anytime

 

Not ready for full subscription?

Sign Up For Free Weekly China Market Highlights HERE!Â