According to MEPS, due to collapse in steel price and high stock level, buyers in EU are reluctant to place more order at this moment. The current stocks are estimated to support the consumption for several weeks and even few months, and thus market analyst said that the market won’t pick up until the first quarter of 2009.
It’s reported that couples of incentive policies launched by the government can boost demands up, such as tax reduction and release of credit restriction. Hopefully, the market can recover in the first quarter of 2009.Source: Yieh.com
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Sunday, November 23, 2008
13:50 |
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