Steel prices today fell to 4,417 yuan/ton on the Shanghai Exchange. Iron ore futures fell on concerns about COVID-19 restrictions in China and the impending low season for construction activity. Steel prices today turned down…

New preferential import tariff for 3 groups of construction steel products, including reinforced concrete; Angle, mold, profile and flat rolled non-alloy steel can be reduced by 5-10%. The Ministry of Finance has just completed a…