Date: 2013-07-31

Steel Price in China Continues to Drop and the Drop Ratio Inclines to Increase

Last week, the steel price dropped greatly with the maximum drop ratio of CNY 500 to CNY 600 each ton in a week, and it therefore ended the continuous increase of the steel price which lasted for 17 weeks. The steel price continued to drop greatly yesterday and the price of many types have dropped CNY 150 each ton, which is the 9th transaction date of the continuous drop after the former great increase.

According to the market monitoring report from Steel Information Research Center, the average price of

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