9,312.12 TL BIST 100 BIST 100
4.33 CNY CNY CNY
31.01 $ USD USD
€33.67 EUR EUR
0.13 CNY CNY/EUR CNY/EUR
43.40 TL Interest Interest
83.33 $ Fossil Oil Fossil Oil
22.96 $ Silver Silver
3.88 $ Copper Copper
117.35 $ Iron Ore Iron Ore
394.00 $ Ship Dismantling Ship Dismantling
2,022.47 TL Gold (gr) Gold (gr)

High raw material prices are putting pressure on the Chinese economy

The recovery in China is slow, which has a deficit in the price-demand curve. With an increase in supply and demand, steel prices are also expected to increase during the winter season.

High raw material prices are putting pressure on the Chinese economy

According to research conducted by the China Statistics Bureau, the profit margins of certain large enterprises decreased by 22.9% in January-February 2023, indicating a slow recovery in China.

Since June 2022, high raw material prices in China have caused a deficit in all products except for iron ore.

Currently, with low steel inventory levels in China, the improvement of supply and demand is expected to follow the economic recovery.

According to market representatives, steel prices are expected to increase in March-April and again in October-November.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

US HRC imports decreased in 2023

Thursday, February 22, 2024

Latest on EU pipe quotas...China and some countries used full capacity

Thursday, February 22, 2024

Russia increased steel exports to India by 48 % in 2023

Thursday, February 22, 2024

Scrap and rebar prices decreased in Türkiye

Thursday, February 22, 2024

Approval of coal-based power capacity in China poses a risk to climate goals

Thursday, February 22, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now