Tag: US tariff impact
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What is Driving the Chinese Steel Prices Down?
Chinese steel prices which were on a roll over past few months have registered a fall this week. As SteelMint has reported, this week China’s domestic HRC prices fell by RMB 160/MT (USD 25/MT) whereas its export offers fell by USD 5-10/MT w-o-w basis. The market participants were expecting a significant hike in China’s domestic…