Steel demand evaporating at unprecedented speed

By Katy Barnato, CNBC 

The steel industry’s dire straits are in the spotlight this week, with both China and the U.K. warning about the hit from the dramatic slump in demand, particularly from the world’s second-biggest economy.

Steel prices have held at $170 per ton since October 8, having fallen sharply over the last year from above $400 per ton … more