| Clips | ||
| Wugang keep steel pricing policy unchanged for March - 05 Feb, 2010 | ||
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After BaoSteel and Hebei Iron & Steel announced unchanged steel pricing policy, Wugang released steel prices for March in February 3rd. Similarly the prices of major varieties such as HR, CR, Oriented silicon steel and profile all remain unchanged. Back in February, BaoSteel announced that it would not change prices whereas Hebei Iron and Steel decreased EXW prices of HR and CR. Analysts said because of high inventories, week demands and approaching Chinese New Year, steel market will continue to see adjustments in short term. Statistics show that the total inventories of rebar, WRC, HRC, CR and plate of main markets is 13.6 million tonne, far higher than the same period last year. Thus steel mills’ pricing policies for next month are still under enormous pressure. Insiders said although there are loan squeeze rumors, liquidity class loan to steel industry will not be affected. To know exact prevailing steel prices in China on daily basis, subscribe to services of www.steelprices-china.com by registering or sending a mail to admin@steelprices-china.com. Please note that this is a paid service with subscription charges of USD 750 for 12 months. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-china.com/spi_services/terms_of_use_for_registration.html (Sourced from www. steelprices-china.com) | ||
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