China steel prices sag further, but low stockpiles cap losses
Fri, Dec 15, 2017 - 5:50 AM
"Buyers were hesitant to place orders because they said prices are currently too high for them," said Richard Lu, analyst at CRU consultancy.
CHINA'S rebar steel futures dropped for a second straight session on Thursday as demand in the world's top consumer slows over winter along with construction activity, although multi-year low stockpiles capped losses.
Prices fell even as fresh data showed China's steel...