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Traders willing to arrange winter storage this year as steel prices fall by 600 yuan/tonne
Dec 28, 2016  14:45:24
Abstraction: China steel prices presented an overall upturn after the entry of Q4 this year, which repaired the declining trend since the second half of 2014. For steel mills and market, 2016 is full of price ups and downs. However, the steel market again eyed ripples due to a sharp price retreat in recnet times, which further disrupted the market sentiments. Meanwhile, some traders held bullish toward winter storage as the steel prices eyed a fall of over 600 yuan/tonne. Mysteel conducted a survey on 35 traders and downstream users' winter storage situation in Shandong province during Dec 10-27, 2016.
China steel prices presented an overall upturn after the entry of Q4 this year, which repaired the declining trend since the second half of 2014. For steel mills and market, 2016 is full of price ups and downs. However, the steel market again eyed ripples due to a sharp price...

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