Tag: China.steel
-
Factors influencing China’s current steel market downturn
Rebar and HRC are near the cost of EAF steel mill production (static at RMB 3,535/t). Fundamentally speaking, supply and demand are neutral. The current downturn can be attributed to two main factors. Firstly, there is anticipation of a significant decrease in long-term coking coal prices, although this has not been fully confirmed yet. This…