Data from national Ministry of Commerce (MOFCOM) indicate that, Chinese steel prices have ascended after a long-term down for 19 weeks.
Experts believe the recovery of confidence in the market will gradually benefit the whole economy.
Statistics show, form November 24 to 30, market prices for steel rise considerably, among which 0.5mm Non-Oriented Silicon Steel Sheet climbs by 2.5 percent within a week.
Otherwise, on Tangshan market, Q235 Square Billet is sold at RMB3,230 /ton and 20MnSi Ones at RMB3,330/ton, up by RMB30/ton. Due to this sign of improvement, parts of domestic small & middle mills have begun their production successively. Source:Yieh.com
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Saturday, December 13, 2008
12:54 |
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