Tag: China weekly
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China weekly: Volatile futures, production curbs weigh on steel prices
China’s domestic steel market prices continued with the downward trajectory this week over volatile futures and dull buying sentiments. The government further tightened its production curb norms in the steel hubs of Heibei, Shanxi, Shandong, Henan, and Shaanxi from Nov’21 till Mar’22 to restrain pollution. Thus, a low demand base amid production restrictions and the…