Key China Steel Price Hits Near-Decade Low on Construction Slump
AI Summary
The price of a key Chinese steel product fell to a near-decade low amid a prolonged property construction slump, which has led to decreased demand and increased inventories.
The price of a key Chinese steel product has dropped to the lowest in almost a decade as a prolonged property downturn sapped construction demand and swelled inventories.
Markets Real Estate Commodities Chinese steel price drop construction slump property downturn steel inventories market decline