this continuous decline in steel exports happened when the yuan currency has been on a depreciation track this year manila chinese steel futures fell for a third session in a row on tuesday on concerns slower demand will persist next year with prices of steelmaking raw materials iron ore coking coal and coke also retreating underlining weaker consumption leading steelmaker baoshan iron steel co ltd said on monday it would cut prices of its key products for january delivery the price of constructionused rebar on the shanghai futures exchange was down 13 percent at 3300 yuan 480 a tonne by 0206 gmt advt hot rolled coil used in manufacturing slid 14 percent to 3266 yuan citing weaker car sales and lacklustre growth in infrastructure investment argonaut securities analyst helen lau said she expects chinese steel demand to slow down in 2019 and if chinas steel exports remain weak that will increase risks of oversupply in the domestic market she said chinas steel shipments dropped nearly 9 percent to 6378 million tonnes in januarynovember this continuous decline in steel exports happened when the yuan currency has been on a depreciation track this year this shows the currency depreciation could not help chinas steel exports said lau the drop in steel prices came even as the top steelmaking city of tangshan ordered steel mills and other industrial plants to make further output cuts this month as part of emergency measures to fight smog the mosttraded iron ore on the dalian commodity exchange eased 02 percent to 471 yuan a tonne and coking coal fell 09 percent to 1430 yuan coke tumbled 31 percent to 1951 yuan per tonne pulling back after recent gains including a more than 5 percent spike on friday spot iron ore for delivery to china was unchanged at 6690 a tonne on monday according to steelhome consultancy reuters published on dec 11 2018 at 1121 am ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app iron international demand auto component china steel homenewsauto componentschina steel prices extend slide on worries over slower demand