Chinese steel sentiment was at a record high in March, but 16-month low in June. Domestic steel output and exports remain belligerently high and smaller mills fear that they may be caught up in China's capacity reduction program.
Paul Bartholomew looks at the steel price volatility witnessed in the first half of the year and what we could potentially see over the second half of 2016. Are China's market fundamentals robust enough to support any sustained recovery in steel prices or is the remainder of 2016 likely to see the market remain fairly muted?