Industrial material prices fall sharply on concerns about Chinese slowdown – ET Auto
Baua Electric
APRIL 30, 2023
Prices for industrial materials such as ferrous and nonferrous metals are plummeting, with steel marking a five-year low as concerns grow about a slowing Chinese economy and a resulting supply glut, reported Nikkei Asia. Compounding this are worries that Chinese producers with excess supply will ramp up exports, depressing prices globally.
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