Comments() 
Print 
Mail 
Large Medium Small
Domestic steel prices fell to 3,670 yuan ($583) a metric ton on Aug 21, the lowest level in three years, according to a report in the Economic Daily.
Major Chinese steel producers lowered their steel prices in September based on the falling prices in August. The steel industry is still registering losses and investors lack confidence.
"It will take time for the downstream market to heat up again," said Ji Xiaoyun, an analyst at Lange Steel Information Research Center.
The research center estimated that steel prices will continue to fall in the short term.
dujuan@chinadaily.com.cn
Michelle Obama addresses at Democratic National Convention
Slides of Yanbian: place, people and prosperity
Washington to remain focused on Asia-Pacific
RQFII target blue chips amid bear market
Australian recall for top two exporters
China fears new car restrictions
Copyright 1995 - 2010 . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
