TOKYO -- The price for hot-rolled coil steel has hit a 14-month low in East Asia as demand for the material, used to make a range of products from automobiles to home appliances, takes a hit from China's zero-COVID strategy.
Commodities
Steel prices tumble in East Asia on China lockdown glut
Hot-rolled coil stockpiles build up on weak manufacturing demand
Hot-rolled coil is used in many products, including cars and appliances, and its price serves as an indicator for economic activity. © Reuters
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