Steel Pressured by Weak Fundamentals
Steel rebar futures remained below CNY 3,100 per ton, staying under pressure as weak market fundamentals continued to weigh on prices. Elevated coke prices continued to squeeze steelmakers’ profit margins, prompting some producers to scale back operations and undergo maintenance. Industry data showed that steel mill profitability in China fell sharply to 7.79% in the ...
We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.
