The steelmaking industry’s attention is still riveted on the Chinese market.Since May the key tendency has been a downward shift in prices onoverestimated outlooks for consumption of steel products in China. Theauthorities’ intention to scale down incentive programmes and tightenmonetary policy has interfered with local steelmakers’ plans, makingthe prospects for export shipments clear. Over the last month mills thatsuspended production amid low prices have returned to the market,which will further affect exports.
展开▼
