With the global economic growth momentum weakening and headwinds rising for domestic consumption because of energy price hikes, China Steel Corp CSC yesterday said it was keeping domestic steel prices for July-August delivery mostly flat from next month’s levels.The announcement follows its decision on April 20 to keep steel prices for delivery next month unchanged because demand from downstream customers remained lukewarm. Analysts said they did not expect substantial price hikes in the near term.China Steel, the nation’s largest and only integrated steelmaker, said in an e-mailed statement that it would not adjust July-August prices for five types of products (…)
