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Chinese steel prices may rise in May

Time : 2021-05-06 Hits : 2021-05-06

Chinese domestic steel prices may see a new round of increases, mainly supported by better-than-expected fundamentals and the macroeconomic environment, although market caution may trigger a possible moderate downward correction.

 

Chinese steel demand may remain strong or even improve further, while supply will be suppressed, which will support the domestic steel price to rise further in May.

Industry News