en.Wedoany.com Reported - In the last week of May, the steel and raw materials markets showed divergent trends, influenced by geopolitical uncertainties from ongoing US-Iran negotiations, seasonal factors, and protectionist policies, creating a landscape of multiple interwoven variables.

Shanghai rebar futures prices fell 1.3% to $453 per ton, while hot-rolled steel contract prices rose 1% to close at $498 per ton. For Chinese steel producers, domestic downstream steel demand has yet to show any signs of recovery.

In Russia, the MetalTorg.Ru comprehensive metal trade price index accelerated its upward trend over the past week, rising by 9.22 points, or 1.13%. Prices increased for eight of the ten products that make up the index.

Data released by the Federal State Statistics Service of Russia indicates a systemic decline across the entire steel production chain. For details on how Russian steelmakers are responding to the current market environment, see the MetalTorg.Ru steel market weekly report.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com