Chinese steel stocks down, India in buying mood, EU next?15 June 2023 – Steel demand has picked up significantly since the beginning of June, as can be seen not only from falling inventories in China but also from significantly higher demand from India. And in the European Union, too, there are increasing voices that inventories are running low and that restocking can no longer be postponed. Expected interest rate pause of the U.S. Federal Reserve decided. And South Korean freight rates to the US and EU in May increased by 3%. Source