Fastener Shanghai
fastener
fastenerHomefastener
fastener
fastenerNewsfastener
fastener
fastenerfastenerBuyers' Guidefastener
fastener
fastenerStandard Searchfastener
fastener
fastenerFor Buyersfastener
fastener
fastenerFor Suppliersfastener
fastener
fastenerMagazinefastener
fastener
fastenerTrade Showsfastener
fastener
fastenerMy Officefastener
fastener
fastenerPost Inquiriesfastener
Home->Fastener News->Ministry of Commerce: Domestic steel price will co...You are the 308588 visitors
Views:3765   |   recommendation:   |   Votes:0   |   Discuss:0
Ministry of Commerce: Domestic steel price will continue to fall in short term

"It is expected that domestic steel prices will continue to fall in near term due to weak demand for downstream steel products, downturn in market sales and higher steel inventory levels which restrain the market."

On 18th, the responsible person in Ministry of Commerce expressed, "It is expected that domestic steel prices will continue to fall in near term due to weak demand for downstream steel products, downturn in market sales and higher steel inventory levels which restrain the market."

According to the latest commercial forecast issued by Department of Market Operation Regulation in Ministry of Commerce, the steel price in last week (Nov 10th - Nov 16th) went down by 2.7% which above 0.9% compared with previous week's. Wire, sheet metal and other types of steel all dropped. Data in commercial forecast shows that in October the average price of domestic steel was 4739 yuan per tons, representing a 16.4% drop compared with September's, the current price level has fallen below the level of same period last year.

Chen Kexin, steel research expert of DPPC, said that at present domestic steel market has entered a stage of grounding bottom and it was difficult to make it in a short term. It is expected that domestic steel price would be vulnerable to run in 2009, and the price perhaps would have an uptrend and step into the higher rank in 2010 or at the end of 2009.

Source: Xinhua News Agency
Translated by Sandy
www.chinaFastener.info

2008/11/20 17:10:00

Previous:    Jiangsu Fastener Enterprises Facing Shut-out from EU
        Next:    The Way to Enter Chinese Market

Recent Related News
China releases new steel capacity replacement policy--2018-01-09
More industrial overcapacity to be cut for high-quality economy in 2018--2018-01-09
Hike in steel price: Bizmen threaten to go on indefinite hunger strike from Jan 11--2018-01-04
China's steel export price hits near four-year high--2017-12-20
China Steel to raise steel prices next year--2017-11-28
China's steel prices to stabilize in 2018: industry group--2017-11-27
Global steel demand expected to grow moderately--2017-11-16
Steel demand growth to stay flat next year--2017-10-26
Booming demand causes steel price surge--2017-09-22
China Steel Corp says prices to rise in fourth quarter--2017-08-28
China's steel prices pick up, but big rises unlikely: industry group--2017-08-23
EU imposes new anti-dumping duties to Chinese steel--2017-08-15

Vote for this news?

fastener(Very Good)
fastener(Good)
fastener(Normal)
fastener(Bad)
fastener(Very Bad)


Discuss
More Discuss...
Your Name: Anonymous

Enter the code shown:fastener8fastener

Fastener Shanghai


China Fastener Directory
Get it FREE!
fastener
Get your CFD at the following shows:

• WIN EURASIA Metalworking, Mar 15-18, 2018, Turkey

•Taiwan International Fastener Show, Apr 10-12, 2018, Taiwan

•Fastener Fair USA, Apr 11-12, 2018, USA

•M-Tech Nagoya, Apr 11-13, 2018, Japan

•wire & Tube Düsseldorf, Apr 16-20, 2018, Germany



Show Room



Offer Product

Latest News
• Interview: BMW optimistic about electrified car prospects in China

• indometal 2018 grows alongside upbeat infrastructure demand and positive growth in Indonesia's metal and steel sectors

Buyers' Guide
Company News

• Dongtai Huawei to Attend Korea 2017 Metal Week, Booth No. 8a103, Welcome to Visit Us!

• Zhejiang Minmetals Huitong: Ensuring Satisfied Customers

The Way to Enter Chinese Market
The Way to Enter Chinese Market


fastener