Tag: China weekly: Steel prices fall on weak demand amid resurgence in COVID-19 cases

Chinese steel prices witnessed a downtrend this week on dull demand, falling futures and rising COVID-19 cases. Raw material as well as finished steel prices saw a correction, except domestic rebar prices which rose by 2% w-o-w on increased cost of production. Product-wise sentiments: 1. China spot iron ore prices decrease on week: Chinese spot…