Soaring raw material costs, pandemic woes, regulatory oversight complicate post-lockdown recovery of Chinese ferrous market

Steel industry participants have been optimistic that the winding down of Covid-19-pandemic-related restrictions in China’s economic hub of Shanghai would provide a much-needed boost to the ailing ferrous market. But market participants are anticipating that headwinds will hamper the steel industry’s road to recovery in the second half of the year.

In a major step toward reversing the tide, Chinese authorities announced on Wednesday June 1 that residents in low-risk areas across Shanghai were free to leave their homes and that...

Published

Norman Fong

June 13, 2022

12:16 GMT

Singapore