Beijing Covid-19 outbreak stalling Chinese steel demand recovery further.
A fresh bout of Covid-19 outbreaks in Beijing is casting a pall on the prospects of a recovery in steel demand in China during what is typically a peak period for steel consumption. The emergence of these cases comes a time when there is still no end in sight for lockdowns in Shanghai to contain the spread of the coronavirus.
China domestic rebar prices drop following downturn in raw materials costs. China’s domestic rebar prices declined sharply on Monday April 25 following a dramatic drop in the cost of raw materials, sources told Fast markets.
Beijing Covid-19 outbreak stalling Chinese steel demand recovery...
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