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Steel mill owners in parts of China are in a bad mood, Beijing-based commodities consultant Simon Wu said. Steel inventories are slowly piling up in the warehouses of the country’s biggest steelmaking hub, the northeastern city of Tangshan, as well as in the provinces of Jiangsu and Shandong, mill owners told Wu, a senior consultant ...
Steel inventory is slowly piling up in their warehouses as demand for steel in China falls amid pandemic lockdowns and crippled construction activity.