Global steel prices - which have been surging in recent weeks - will experience some correction in the first half of 2021, according to United Arab Emirates-based galvanized coil producer Al Ghurair Iron & Steel.
The question is whether this correction will happen before or after the Chinese New Year, its chief executive officer, Abu Bucker Husain, said at Fastmarkets' Middle East Iron & Steel virtual conference on Tuesday December 15.Next year, the Chinese New Year falls on February 12. China, the world's largest steelmaking country, typically observes...