Steel | 2021 Data | 2022 Forecast | 2016-2020 Historical ...
Steel futures fell to around an 8-month low below CNY 4,500 a tonne, more than 20% below its record-high of 5,975 hit on May 11th, as demand in China continues to slow down. The construction sector, which accounts for a quarter of domestic steel demand, remains under pressure after home sales tumbled and Beijing stepped up its borrowing crackdown.