Chinese steel futures fall on lean demand, lower raw material prices | Hellenic Shipping News Worldwide
China’s steel rebar and hot-rolled coils futures dropped on Thursday, as downstream demand remained sluggish amid the fresh wave of COVID-19 cases while weaker iron ore prices also weighed on sentiment. Steel consumption in March and April, the traditional peak season, has been sluggish this year as the pandemic disrupted industrial activities. Apparent demand of ...