The Chinese market became disappointed with the results of the 18th plenary meeting

The market became China, finally exhausted, taking into account the conclusion of the plenary meeting of the Communist Party, which took place from November 9 to 12. Metallurgists are concerned about the absence of any specific industry short-term measures aimed at increasing demand and improving the situation as a whole.

In anticipation of future political initiatives aimed at increasing investments in industry and the construction sector, the price of steel increased by 1 percent. This ensured an instant impulse of demand for steel in anticipation of a plenary meeting.

The government’s desperate desire to find the mitigation of lending conditions or to ensure an influx of investment in order to catalyze the development of the economy, retained the growth of demand for one week towards all adversities. However, some long -term political measures taken to activate the market, designated as the transition from the "main" to "decisive" for the economy is an important point.

Unambiguous obligations to deepen economic reforms were invigorating for the market, according to experts. Invasions such as the loader for rent from the owner and many other useful innovations were positively met by market participants. The government wants to translate the economy from the position of dependence on exports and investments to a position, more oriented towards consumption.

This would be enough to reach 7.5 percent of GDP growth in 2013, despite some fears in the middle of the year, that the economy slows down more than expected. Nevertheless, this government goal indicated the weakest growth rate for 23 years.

Prices for steel already show weakness to growth with a slowdown in economic activity with the onset of winter and dependence on global economic signals.