Chinese Steel Prices Fall To Three-Year Low ...Middle East

OILPRICE - Economy
Chinese Steel Prices Fall To Three-Year Low
source : OILPRICE ( Middle East ) () 46
Via AG Metal Miner For the past year or two, steel analysts and experts have talked about how China’s market is now more open. Simultaneously, they discussed how domestic steel demand had surged due to increased infrastructure spending. The way they made it sound, low steel prices would soon become a thing of the past. This week, prices for Chinese steel rebar fell to their lowest level in three years. Last Thursday, the spot price for HRB400 20mm steel rebar, essential for reinforcing concrete, dropped to roughly U.S. $507.80 (3,510…

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