According to the latest news from Bao steel Company, which the leader of steel industry in China ,have noticed that the price for steel will increase from new year.
Several days before, China domostic government, have take out the hand in order to control the capacity of metal , will control and substract the quantity of the scare metal in China .. it means the market for steel will be decrease from the quantity. so it is very normal from Baosteel’s latest price .
But as the market ,it is unnormal in the steel market that the price increase during current period, as the X’mas day coming and Chinese new year coming ,all the clients and workshop worldwide will take holiday in the next few days.
(The news from Jiangsu Changsong Group)