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Downward trend in Chinese Steel prices to continue in September

iconSep 10, 2014 22:02
Source:SMM
The downward trend in Chinese steel prices is expected to continue in September, according to a market report from CISA.

CHINA September 10 2014 1:35 PM

BEIJING (Scrap Register): The downward trend in Chinese steel prices is expected to continue in September, according to a market report from CISA. 

 
According to The Steel Index, a slowing economy, problems in the real estate end-user markets and steel producers’ tight cash-flows are all likely to suppress steel prices.
 
With falling demand, problems with financing and plummeting iron ore prices, Chinese export HRC prices finished the month at a 4-year low level of $501 a ton.
 
China steel prices
CISA
The Steel Index

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