Tag: China: Steel prices likely to remain subdued in May as dull demand season readies for entry

May Day celebrations slow down buying EAF mills reduce output amid tight margins Global uncertainties keep prices in check Morning Brief: Chinese steel prices, after a slight rebound in April, have been subdued so far in May. Tangshan’s benchmark hot rolled coils averaged RMB 3,346/tonne ($465/t) till mid-month, down from RMB 3,383/t ($470/t) seen around the…