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Analysis on steel market in China in the first quarter of 2004
2014-08-28
By Li Bu, Deng Yusong, Zhao Huaiyong
Date: 2004/05/20
Abstract:
The total volume of output and import of steel both increased by a big margin in the first quarter of 2004; the general price level is still picking up. Since the beginning of March, steel price took a downturn and price of some construction steel started to fall. Predicted demand on steel is between 292~307 million tons; domestic output is expected to be 300 million tons. The price will first rise and then stay at a high level, and will fall slightly in the second half of the year; big price differences will occur among different categories of steel products, but steel price will not fall drastically.?
