Posted on 21 Dec 2009
Chinese steel product prices rose 1.2 percent this week in thin trade, according to figures released by industry consultancy Mysteel on Friday.
Mysteel's composite steel price index reached 138.9 points by Friday, up from 137.3 points at the end of last week.
Prices rose throughout the country, with only the northwest of
Although the construction sector has entered its off-season, the price of long steel products also rose 1.1 percent over the week.
Traders said this week that a small decline in end-user demand has been offset by stockpiling activities, with steel mills and trading firms anticipating higher demand and stronger profits after the new year.
