China steel body sees prices stabilizing, helped by crackdown on speculation

Capt. John

Chinese steel prices are expected to stabilise as demand softens in the near term and a round of government inspections aims to stop speculation and irregularities, the China Iron and Steel Association (CISA) said on Monday. Prices in the world’s top steel producing country surged in April and have fluctuated this month, driven by robust …

The post China steel body sees prices stabilizing, helped by crackdown on speculation first appeared on Hellenic Shipping News Worldwide.

Author: Capt....

https://www.hellenicshippingnews.com/china-steel-body-sees-prices-stabilizing-helped-by-crackdown-on-speculation/

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