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Chinese steel manufacturers have issued a warning about impending challenges in their industry, noting problems such as declining demand, reduced profitability, and cost pressures. ....
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Hot rolled coils listed on the Shanghai Commodity Futures Exchange hit a five-month low of 3,928 yuan (USD 568) per tonne on Wednesday. Hot-rolled thin steel plate is essential for the production of building components and industrial machinery, serving as the benchmark for steel prices in China. The price decline indicates a deterioration in the local steel market, reported Nikkei Asia. ....
Get latest articles and stories on Business at LatestLY. Hot rolled coils listed on the Shanghai Commodity Futures Exchange hit a five-month low of 3,928 yuan (USD 568) per tonne on Wednesday. Hot-rolled thin steel plate is essential for the production of building components and industrial machinery, serving as the benchmark for steel prices in China. The price decline indicates a deterioration in the local steel market, reported Nikkei Asia. Business News | Industrial Material Prices Fall Sharply on Concerns About Chinese Slowdown. ....