Tag: Chinese steel

Weekly round-up: Chinese steel prices fall further, banks cut rates to boost real estate market

May 21, 2022

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by

Kanishka Chhabria

in HRC

This week, Chinese steel prices witnessed a downward trend on the back of dull demand despite the government’s stimulus to boost sentiments. Leading steel mill Shagang Group rolled over steel prices for end-May sales. Also, China’s crude steel production went down 5.2% to 92.78 million tonnes (mnt) in April 2022 as compared to 97.85 mnt…