News: China steel prices have dropped in spite of decreasing global output and easing oversupply, according to an article on the website of the China Iron & Steel Association on Monday. The prices will fluctuate but largely remain low in the foreseeable future, the article said. Starting from the second quarter, overall demand has been rising while demand from industries with high steel consumption was lower than expected, the article said. At the end of May, the price of eight steel products monitored by CISA continued to drop.