Falling China Crude Steel Production In May Leads To Market Speculation That Production Restrictions Might Ease In The Short Term

Published: Jun 16, 2023 15:51

Source: SMM

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SHANGHAI, Jun 16 (SMM) – Crude steel production showed a year-on-year and month-on-month decline in May, leading to market speculation that the pressure on crude steel production restrictions would ease in the short term.

Considering that a national meeting will be held on June 20, iron ore futures prices will still be subject to macro changes and may hover at highs next week.

Steel

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