The General Administration of Customs announced on February 11, that the growth of China’s steel export that has lasted as long as 10 years finally declined by 5.5 percent year-on-year in 2008, which was a warn of threat to the field this year.

Customs said on its website that the steel export in China fell down to 59.23 million tons in 2008 whereas the export value has climbed up to $63.44 Read more…

Popularity: 3% [?]

China, economy, export, growth, market, steel

Statistics from steel consultancy website mysteel.com show that steel prices have kept on rising since November of last year for 3months.

Zhang Tieshan, the analyst of the website said that the increase of steel prices was attributed to the rebounding demand. The steel products that have increased prices include about 30 sorts.

Zhang said almost all the steel product prices have increased. Read more…

Popularity: 3% [?]

China, demand, economy, price, steel, supply