China Domestic Steel Prices Are Increasing From Global Price Rise
Due to lower nickel production prices caused by the rise China domestic steel prices are increasing from global prices rise. Steel prices are going up globally with a 3% increase for the last few days. The increasing for Chinese demand from infrastructure and construction will increase this year.
However, the hot rolled coils spot prices in Asia went up last week, but the buyers accepted higher offers. It indicated that Chinese domestic steel prices continued upward trend. In addition, auto sector was a key industry for steel demand has improved as well.
Collected by www.sanitaryvalvefittings.com