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

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…