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Weekly summarization of China steel market during Jul 18 - Jul 22, 2016
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Date:[7/22/2016] Source：Shandong Hai Steel Co.,Ltd
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Weekly summarization of China steel market during Jul 18 - Jul 22, 2016
China's steel prices retreated after weeks of uptrend. At the beginning of the week, a plunge in steel futures prices put the market under panic and made quite a few steel mills downward adjust their ex-works prices, pushing down spot steel prices. In the second half of the week, the market stabilized and a rebound in steel futures prices towards the weekend lent support to spot steel prices, so steel prices in some cities strengthened. At present, the market is under the influence of a mixed array of factors, so traders are taking different strategies in quoting their steel products.
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