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Newly trend in Chinese market

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According to Lange steel news on 29th April, the domestic steel market keeps raising this week. With the strong demand support, the raising trend of construction steel market was apparently better than other materials, construction steel outshined others. The steel inventories from all parts keep falling, especially in Beijing, Tianjin and Shanghai, which brought a lot of confidence to the market. By the end of 29th April, the general index of Lange steel reached 193.8 pts, 2.4 pts higher than last week; Lange long steel materials index reached 219.3 pts, 3.8 higher than last week; Lange steel plate materials index reached 163.2 pts, 0.9 higher than last week. At present, domestic market still keeps being hyper; the price is expected to be higher after the Labor Day.

 

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