china steel prices keep falling—ciSa

摘要

Chi-nnese domestic steel prices should stay on a mild downward ntrack for December given weak demand for finished steel nand softening prices for raw materials in winter, the China nIron & Steel Association said in its latest monthly market re-nport last week. The association’s composite domestic steel nprice index fell to 121.45 by the second week of December, nfrom 122.33 at the end of November, it said in the report. nBesides sluggish demand, domestic steel prices will find nlittle support too from prices of steelmaking raw materials.