MEPS International’s Speaking of Steel podcast features insight into a recent decline in Chinese steel prices which left them at their lowest level since 2017.

The ‘Market in Minutes’ section of the September episode of MEPS’s podcast series features an overview of recent price movements in China and their effect on the wider East Asian steel market. It draws on content first published in MEPS’s International Steel Review.

MEPS steel market analyst Ewan Gilfillan delivered the steel price and insight provider’s findings in conversation with MEPS managing editor Tom Sharpe.
“The major talking point in MEPS’s International Steel Review, this month, was the big drop that we saw in domestic Chinese steel prices”, said Gilfillan.
“The domestic Chinese hot rolled coil price now is the lowest that it's been since the middle of 2017.”

Gilfillan considers the implications of the Chinese government’s stimulus measures, the country’s poorly performing real estate sector and Chinese steelmakers’ falling export prices in his ‘Market in Minutes’ conversation. He also shares some of MEPS’s forecast assumptions for the months ahead.