Sino East Steel Enterprise Co., Ltd.

October warning: steel price movements from the strong to the weak shock slump

time: 2013-09-29
The current macroeconomic policy more likely to remain stable, the downstream demand is still difficult to have a substantial improvement in October; And environmental governance still did not form a substantial influence on steel production, market supply pressure gradually increase. Combined with the market funds nervous and there is the fear that the fed will exit the QE. It is expected in October, the domestic steel prices will continue to shock slump. But the current domestic steel prices have been at a low price interval operation, once the market mentality better, periodic rebound may still period.

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