Unfavorable weather conditions and a severe storm in southern China are dampening demand for steel for construction purposes. Since construction work in the region has been suspended, the price of steel products may decline in the short term. Price gap holds for rebar and hot rolled steel coils.
In addition, a landslide came down in Sichuan province in southwestern China on June 25, 2017. Fifteen people were declared dead. A landslide engulfed 62 houses in Xinmo Village in Maoxian County on Saturday morning, blocking a 2-kilometer stretch of the river and burying 1,600 meters of road. About eight million cubic meters of slope descended into the village.
Severe weather conditions in China will slow down demand for steel
There are no comments yet.