The prices for reinforcement in China continue to fall

The slowdown of the industrial production index in China led to a slight drop in reinforcing steel prices. Bloomberg writes about this today.

The proposals for the reinforcement on the Shanghai futures exchange dropped by half a percent to 3551 yuan ($ 582) per ton. Bidding was opened by a drop in buyer activity by 0.9 percent - the largest fall over the past three weeks.

Investment activity reduced from 20.3 percent to 20.2 percent according to the National Stato of the DPRK Bureau of October 18 had a negative impact on speculative prices. A spoonful of tar added the data of industrial production growth in September by 10.2 percent compared to 10.4 percent in August.

"Although the data confirm the restoration of the Chinese economy, there is now concern in the fall in investment in fixed assets and the influence of this factor on the demand for building materials," says the analyst of Maike Futures CO Dung HUUMEN.

The spare price for reinforcement in China also slightly decreased, having lost 0.2 percent on Monday. Today, the reinforcement in China is offered 3499 yuan per ton, according to the Beijing Antaike Information Development Co.