According to Mr Yang Jianlong director of Research Department of Industrial Economy under Development Research Center of the State Council "Steel market has reached the bottom and is unlikely to fall further."

Mr Yang believed steel market would revive next year. In the second half of 2009 real estate industry will recover to 50% to 60% of the level in 2008. This will boost the recovery of relevant industries, including steel market. Steel industry is expected to accelerate growing after price rally.

So far steel market has posted a comparatively stable trend under the influences of ten positive measures which are hammered out to expand domestic demand and promote economic growth. Traders' capital shortage is being relieved and steel market will possibly shake off weak operation next year.