Where China Steel Market wants to go
China Steel Market sharp dowing after weeks stable.
Steel billlet downing from 1820RMB/MT to 1730RMB/MT,This deep dropping break the situation market won’t go down below 1800RMB/MT for steel billet.Market use it actions to show something even crazy is coming.
With this downing , all the steel products price down 20-50RMB/MT since monday.
Price downing but request still low.some mills use low price to attract customer’s interest,action
isn’t as expected.
China Market where to go ,hope this will be the end downing.will see .
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