|  | 08/07/2005 |
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Chinese Steel Market to Achieve Bottom in the Beginning of July
Chinese steel market condition has presented the aspect of bottoming out in the beginning of July. The reinforcing steel bar market jumped up as small to 3,104 yuan per tonne, national average, by 6 yuan over the previous week. Although the hot rolled steel coil market dropped to 3,798 yuan by 234 yuan from the last week, it was lowered, opportunity became weaker, and there is the view that it bottoms out towards the end of this month. Some business house said that its supply and demand is becoming tight since the inventory adjustment progresses gradually, the purchase of steel products by distributor become difficulty under the influence of a flood in South China area, and the production of electric furnace is reduced from the power situation in summer in East China area. It seems that however, there is no forcibleness in demand under the influence of the macro control by the Chinese government, and the buoyancy of steel market is small.
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 | Chinese Steel Market to Achieve Bottom in the Beginning of July
| | Sumitomo Metals and JFE Steel Get UOE Pipe Order from Dubai
| | Ferrous Scrap Price Decreases in Tokyo
| | Eramet Expands Manganese Ore Capacity to 3.5 Million Tonnes in 2008
| | Tokyo, H-Beam Price is around 75,000-76,000 Yen Per Tonne
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