Steel Drops to 4-Week Low
Steel rebar futures fell to around CNY 3,070, retreating from multi-week highs to four-week lows as weak construction activity and elevated rebar inventories continued to weigh on sentiment. China’s property market remained under pressure, with new home prices falling year-on-year in July, while rebar stockpiles stayed above year-ago levels. Weak mill profitability also limited buying ...
We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.
