Industrial material prices fall sharply on concerns about Chinese slowdown – ET Auto
Baua Electric
APRIL 30, 2023
Hot rolled coils listed on the Shanghai Commodity Futures Exchange hit a five-month low of 3,928 yuan (USD 568) per tonne on Wednesday. The international zinc index is 20 per cent lower than the year’s high in late January. The price decline indicates a deterioration in the local steel market, reported Nikkei Asia.
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