04
Feb
10:20
Prices normalise after drop, China adjusting production: JSPL
Steel prices in the coming months will depend largely on supply adjustment and any stimulus in China, especially in the real estate sector, according to Jindal Steel & Power (JSPL).
Prices have recently stabilised, supported by surging iron ore, after falling in previous months. Steelmakers ramped up output after strong demand in 2017, leading to supply eventually outpacing healthy demand, which was hampered by US Section 232 tariffs. This resulted in steel …
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Anonymous
Very good overview of the weekly steel market.
Anonymous