Iron ore, coal hit by China import concerns, global steel demand

摘要

London—Global steel raw materials trade has seen softer demand on weakening steel production, as US-China trade negotiations drag, and tariffs and quotas continue to throttle sentiment, according to an S&P Global Platts analysis Tuesday. The seasonal lull in markets activity during summer in Europe and Asia usually leads to slower inquiry for additional met coals but this time things appear different.Industry executives are describing weak spot demand for steel raw materials and pressure to renegotiate prices, other terms and schedules — in order to help buyers cope with lower steel and coking margins, and demand.