Domestic steel prices under stress as China demand dips2 min read 26 May 2023, 11:34 PM IST
Cooling prices of raw material like iron ore and coal provide a silver lining for manufacturers
NEW DELHI : Since the start of FY24, steel prices have witnessed a continuous downward spiral, primarily driven by the demand weakness in China. As the largest consumer of commodities worldwide, China’s steel prices serve as a bellwether for the global steel industry. With domestic demand falling, China has increased its exports to international markets, including India.
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