Most of the areas in China will enter the off-season demand in December, the contradiction between supply and demand will be further highlighted and domestic steel market in December is expected to fluctuate slightly down.

1, Daily production of crude steel in Oct down and the pressure of supply eased.

2, Steel export hit record in October and may decline at the early of next year.

3, Steel inventory record lows and will rebound after rock bottom late.

4, Iron ore prices have fallen significantly in November and effort of cost supporting weaken obviously.

5, Steady growth measures carried out regularly which made the demand of steel hard to recovery. 

                                                      XINSTEEL NEWS