Date: 2013-07-31

Chinese Steel Price Surge Extends to Week 5

Contrary to the expectation of many people, the price surge in Chinese steel market has extended to the fifth week.

The composite index of steel price released on August 24 is 155.1, up by 0.5% compared to last week.

From the perspective of the general economic trend of China, market demand for steel products will maintain stable development. However, the oversupply problem still exists, therefore it is believed that the surge can

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