Date: 2013-07-31

China Steel Demand Moderate and Price May Fluctuate

It is reported that although steel price surged sharply in China market due to rise of raw material costs, local steel producers would rather adjust their prices on actual demands than hike the prices recklessly.

The current market remained moderate and most buyers were waiting for new quotations of major steelmakers.

Accordingly, steel price is expected to keep fluctuating lately.

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