In Asian steel markets, conflicting moods

As stated in the report of the Meps analytical agency, the Asian markets have been demonstrating growth since December 2012. The most significant indicator here is China, the internal prices of which have grown without stopping from the middle of January this year before the lull for the period of celebration of the Lunar New Year. Baosteel, the largest steel company in China four times since the beginning of the year announced an increase in prices for metal rolling.

South Korean Posco also repeatedly increased its selling prices. And today the largest manufacturer has become in Taiwan CSC said that since March, its products will cost 3-4% more.

Meanwhile, according to local traders, stocks of metal products in wholesale warehouses in the region are steadily growing, which indicates a weakness of demand. The shipbuilding and transport industry did not justify the hopes of leaf steel manufacturers. The restoration of the construction industry is extremely slow.

As a result of exceeding the proposal, the second week in a row, real domestic prices in China fall. The next increase in production of steel by 1.01% in the last decade brought down the internal price index by another 96 points or by 1%. On the market they say that overproduction of steel in the region plunges the steel markets of Asia into deep depression.