It’s reported that many china steel makers are still facing difficult time and are expected to lower factory prices for major steel products. Although China has a lot of ongoing infrastructure construction projects, the steel prices are still hardly to increase the price as expected.
In the earlier of this year, steel market predicted a rebound in demand for steel, but the expectations of rising demand turned out to be false and triggered producers to cut prices.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=64307&division=A9
