Author: Shubham
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Have Chinese steel prices bottomed out? Q2 looks bullish
China’s steel prices, which had been showing a falling trend, may have bottomed out and can do a turnaround in the second quarter (Q2) of the current calendar. Data from China’s National Bureau of Statistics, maintained by BigMint, reveal that both benchmarked HRC and rebar prices in Tangshan dropped 6% y-o-y in January-February 2024. Average…