Steel prices remain at six-week lows due to China woes and a focus on US employment data
– .The price of steel was at its lowest level at the end of July
.The problems of China’s Covid, the conflicts between China and the United States are replacing stimulating hopes
Steel prices remained under pressure at six-week lows as fears of aggressive central bank policies joined China-related pessimism. However, calm trading ahead of the NFP report will limit sharp moves in metals prices.Looking ahead, market players are keeping their eyes on the (NFP) report and the unemployment rate in August According to Reuters, “Although steel prices may increase during the season that traditionally peaks demand between September and October; Analysts said there is limited room for price gains as construction activity picks up in
.chiana ahead of winter ,providing some support
