​Falling Chinese Steel Prices Send Ripples Through Global Markets – Tyler Durden

Falling Chinese Steel Prices Send Ripples Through Global Markets Authored by Jennifer Kary for Metal Miner via oilprice.com, Weak domestic demand in China has led to a significant drop in steel rebar and h-beam steel prices, impacting global steel markets. The US construction industry, hampered by high interest rates, is preparing for a potential resurgence in demand as the Federal Reserve signals rate cuts in late 2024. While interest rate cuts are expected to stimulate the US construction sector, the recovery may not be immediate. The Construction MMI (Monthly Metals Index) broke further out of its sideways trend, dipping by…  — Continue at ZeroHedge News : Read More