China steel market expected to weaken in July amid rising inventories: Platts Analytics
Chinese steel orders, output and prices are all set to soften this month, while inventories will continue to climb due to the seasonally weaker time of year, according to S&P Global Platts Analytics’ China Steel Market Expectations for July.
New orders, production and prices have been given a score of two out of five for July, while inventory was awarded a score of four out of five. The scores range from one (lower) to five (higher) to determine the likely market trends in the coming month.
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