MEPS podcast: Chinese steel prices lowest since 2017
MEPS International’s Speaking of Steel podcast features insight into a recent decline in Chinese steel prices which left them at their lowest level since 2017.
The ‘Market in Minutes’ section of the September episode of MEPS’s podcast series features an overview of recent price movements in China and their effect on the wider East Asian steel market. It draws on content first published in MEPS’s International Steel Review.
MEPS steel market analyst Ewan Gilfillan delivered the steel price and insight provider’s findings in conversation with MEPS managing editor Tom Sharpe.
“The major talking point in MEPS’s International Steel Review, this month, was the big drop that we saw in domestic Chinese steel prices”, said Gilfillan.
“The domestic Chinese hot rolled coil price now is the lowest that it's been since the middle of 2017.”
Gilfillan considers the implications of the Chinese government’s stimulus measures, the country’s poorly performing real estate sector and Chinese steelmakers’ falling export prices in his ‘Market in Minutes’ conversation. He also shares some of MEPS’s forecast assumptions for the months ahead.
MEPS International launched its Speaking of Steel podcast earlier this year. Episodes can be accessed via the following podcast providers (click the link for access):
This month’s instalment of MEPS’s Speaking of Steel podcast is being released in three parts.
As well as Ewan Gilfillan’s ‘Market in Minutes’ overview of the Chinese steel market, it includes an interview with H2 Green Steel’s head of commercial, Stephan Flapper, and a green steel panel debate.
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Source:
International Steel Review
The MEPS International Steel Review is an essential monthly publication, offering professional analysis and insight into carbon steel prices around the world.
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