What does CISA's appeal to reduce Chinese steel production mean for ferrous-related products?

Ferrous-related product markets in China have been rocked by sharp price declines since early April, amid concerns about weak downstream demand for steel materials from the country’s construction and manufacturing sectors.

Fastmarkets’ price for steel hot-rolled coil domestic, ex-whs Eastern China (Shanghai) was assessed at 3,960-3,980 yuan ($572-575) per tonne on Tuesday April 25, its lowest level since early December 2022...

Published

Norman Fong

Olivia Zhang

Alice Li

April 26, 2023

11:01 GMT

Singapore, Shanghai