China’s steel, iron ore markets retreat post-holidays as outlook cools

China’s steel and iron ore spot market prices retreated in early October from a late September surge, as the National Development and Reform Commission indicated no further stimulus during its Oct. 8 press conference, disappointing market expectations. Platts-assessed domestic rebar and hot-rolled coil spot prices fell 1.84% and 1.37%, respectively, to Yuan 3,730 per metric ton ($528/t) and Yuan 3,590/t…China’s steel and iron ore spot market prices retreated in early October from a late September surge, as the National Development and Reform Commission indicated no further stimulus during its Oct. 8 press conference, disappointing market expectations. Platts-assessed domestic rebar and hot-rolled coil spot prices fell 1.84% and 1.37%, respectively, to Yuan 3,730 per metric ton ($528/t) and Yuan 3,590/t…Read More