Recent China Steel Market
General Administration of Customs date released on september 8 shows that August China’s steel product exports exceeded 6 million tons, is also the first time to exceed 6 million tons since October 2008. Iron ore imports declined slightly, but still up to 69.01 million tons.
Relevant institutions analysts believe that the China steel prices has been in a downward channel since late from mid-August. According to the China Steel Association estimates that in mid-August, the average daily crude steel production continued to decline, but still at a relatively high level, steel market "Destocking" is far from over. The short term, the China steel demand will not appear significant improvement, but also more difficult business shipping, the steel market will continue to be weak shock pattern.
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