Tag: China weekly: Steel prices drop on sluggish demand weak macroeconomic outlook

This week steel prices in China witnessed a downtrend due to sluggish demand coupled with adverse weather conditions. Steel inventory at Chinese mills in mid-June 2022 stood at 20.52 mnt, an increase of 1.97 mnt or 10.65% from the previous month, as per CISA data. Product wise sentiments: 1. China spot iron ore prices inch…