Posted on 23 Jul 2012
Reportedly, in the first half of 2012, the pace of the mainland's economy slowed down, steel prices fell more than expected. The main factors restricting steel prices are a serious imbalance in the upstream supply and downstream demand.
National steel mills no large-scale cut-off producing and no relaxation of real estate regulation. Besides, the downstream site funds are tight, the overall market turnover are difficult. However, based on the need for steady growth is expected to iron and steel market may appear a modest rebound in the third quarter. But in the second half of 2012, the steel market weakness running pattern will not change, there are still exist downside risks again in the fourth quarter.
