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Steel price trend in Oct after National Day
Source:Xinsteel   Date:2014-10-08

Several factors might affect the steel price in October:

 

1. Demand factors: weak downstream industry, demand fundamentals of steel market insufficience.

2. Supply factors: production has been cut, but hard to improve.

3. Cost factors: decline trend may be narrowed, but obviously support hard to be happened.

4. Financial factors: lack of policy support, funding is still a big problem.

5. The mentality factors: Fourth Plenary Session held on would make steel deposit oversold bounce or be boosted

 

In short, the problem of supply and demand after the National Day Steel City is unlikely to improve.


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