Steel price roundly fell, profit was cut down
All kinds of steel products fell this week, what is remarkable is the market fell with the price adjustment of the top three steel plants, this may lead price tumbling of iron minerals. Corrugated steel and stainless steel strip slumped this week, steel industry is expected to suffer strong shock in short terms.
However, from a long-term perspective, after the market supply-demand improved next year, the raw material choke point will be free with the iron mineral supply; industry profit is expected to enjoy impressive and continuous promotion. We consider the present steel market as the prelude of a symphony, steel will strongly roused in one or two years.
Related product: Stainless steel sheet