Since August ,the price of the hot rolled sheet rebounded sharply in USA and European market;
Many steel producers from USA and Europe received orders more than ever. WSD therefore considered that the reduce of the International steel market price has been completed, the market price has bottomed out,Next get into the stage of rebound until the spring of 2006. It is not easy to replicate the 2003“Steel Supply Shortage”. WSD said , the main shortage of coke supply has been improved significantly. In the International market, Maritime transport market capacity will be improved, and the price had fallen ; International iron ore, coke production had a rapid growth, the supply was abundant ,and the price is steady. Another reason is that Chinese steel production has been higher than actual demand . Therefore ,the steel market will not keep "serious shortage" and "high price." again. |
