China’s steel market not in its 'darkest hour' yet, sources

China’s steel market likely hasn’t bottomed out yet given the absence of strong stimulus from the government and limited magnitude of production cuts at mills, several market participants told Fastmarkets.

Market participants unanimously expect the recent rally in steel futures prices to be short-lived, with an industry analyst in eastern China commenting, “the market is not in its darkest hour...


Zihuan Pan

June 08, 2023

07:33 GMT