News Room - Steel Industry

Posted on 12 May 2010

China says industrial material prices to stabilise

Chinese prices of industrial materials, including steel, coal and cement, will stablise over the next two months, the top economic planning agency said on Wednesday.

 

The slowdown in price growth is mainly because of Greece's sovereign debt woes and domestic policies to cool the property sector, the National Development and Reform Commission (NDRC) said in a statement on its website (www.ndrc.gov.cn).

 

The NDRC also said that an increase in inventories would keep coal prices stable through May and June, though they may increase slightly after that.

 

China's producer price index in April rose 6.8 percent from a year earlier, accelerating from a 5.9 percent rise in March.