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The Steel Price Has Been Reduced New Low Point Since the Year of 2002
Since 1st, Dec the average price for steel products in domestic market is kept in unilateral downward, quoting usd460/ton on 25th, which is the new low point in recent 12 years. In such condition, the trend for keeping stock in winter and selling in Spring will be influenced seriously in this year. 

According to the mornitoring data for steel stocks, on 19th, Dec 29 key cities’ social steel stocks amount is 8.77 million tons, which has been reduced about 29.1% comparing with same period in last year. Till now the steel stocks amount has been reducing for 10 weeks. Even the steel stocks will have a little rising before the new year, this won’t influence the stock status in China market effectively.

TJC Iron& Steel(Group) Co.,Ltd