Tag: China weekly: Steel prices drop amid falling futures; dull demand

Chinese steel prices witnessed a downward trend admist falling futures and weak demand on adverse weather conditions. Raw material as well as finished steel prices reduced w-o-w. In addition to the above, the world’s top steel manufacturer, Baosteel, slashed its monthly carbon flat steel prices for June 2022 sales by RMB 100 ($15/t), sources informed…