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CISA: China's steel rates to be range-bound in close to term

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On the supply side, China's steel manufacturing reduced slightly in mid-October, with day-to-day crude steel result amongst CISA's member mills balancing 2.06 million tonnes/day for the month's middle 10 days, down 2.03% from the prior 10 days. Based on the study outcome, CISA approximated that China's daily crude steel result nationwide

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Chinese steel prices may stay range-bound in the coming term with the expected supply-demand balance, as steel demand may further recover with serial measures to stabilize the national economy taking effect, the latest monthly report of China Iron & ...

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