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Bloomberg

Key China Steel Price Hits Near-Decade Low on Construction Slump

Friday, August 7, 2026


A benchmark Chinese steel product reached its lowest price in nearly a decade. The decline followed a sustained downturn in property development and reduced construction demand that increased inventory levels.

Original reporting: https://www.bloomberg.com/news/articles/2026-08-07/key-china-steel-price-hits-near-decade-low-on-construction-slump

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