That projection proved to be too conservative as the same report pictured above in october 2019 details increases of 3 9 percent due in large part to an unexpected rise in demand in china.
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China is on a building binge and metal prices are surging iron ore nickel copper and other metal prices are rising as china restarts construction and the global economy could benefit.
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Historically steel reached an all time high of 4960 in october of 2018.
The year was challenging for the vast majority of worldwide economies but.
Steel decreased 135 yuan mt or 3 61 since the beginning of 2020 according to trading on a contract for difference cfd that tracks the benchmark market for this commodity.
China steel fob prices slip further buyers watch sep 30 2020.
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