The Chinese market steel gropes the bottom

Negative price trends in the domestic market became in China, it seems to be stabilized at their lower point. Prices for metal rubles remain unchanged.

In any case, the fall of domestic prices immediately after the celebration of the New Year on the Chinese calendar was a thunder among a clear sky for local traders and steel manufacturers. Experts find an excuse for this event in the overproduction of metal and reservoir of local metal depots.

However, now, after the market of steel in China groped for the bottom, he will most likely push him away from him and begin to demonstrate serious growth. The beginning of spring revitalization in the construction sector is expected, where the Gont, the Middle Kingdom sent huge investments.

A couple of weeks and the demand for steel in China will be restored. The economic growth promised by the authorities by 8% per year will be sufficient for the further development of the country's metallurgical industry.