Three reasons behind China’s steel price rout

China’s domestic steel prices collapsed over the period Friday-Monday June 17-20 amid sparse demand, and with market participants believing that steel prices have yet to reach the market bottom.

Fastmarkets’ price assessments for steel reinforcing bar (rebar), domestic, ex-whs East China, for steel hot-rolled coil, domestic, ex-whs Eastern China, and for steel billet, domestic, exw Tangshan, Northern China, all...

Published

Jessica Zong

Zihuan Pan

Norman Fong

Olivia Zhang

June 20, 2022

15:05 GMT

Shanghai, Singapore