Tag: China rebar
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Chinese steel prices likely to rebound in Oct
Chinese steel prices are likely to rebound in October with market fundamentals improving and macroeconomy support policies coming into force, predicted Wang Jianhua, Mysteel’s chief analyst, in his monthly outlook. But pessimism still haunts the market, he admitted. As of September 26, China’s national composite steel price under Mysteel’s assessment had dropped by Yuan 13.8/tonne…