Global prices to follow the downtrend in Asia

摘要

Steel and raw material prices rolled back in Chinain the first half of April following the announcementof new environmental restrictions in the country’smetallurgical industry and deteriorating outlook forsteel consumption amid the consistent overstocking.In the meantime, the price trend reversed in thedomestic stockists’ market for raw materials due toaccumulation of excessive Mn alloy inventories andanother anticipated increase in Mn ore stocks, soMn ore prices at ports lost nearly 7.