International Steel Prices
March 8, 2016
Why Have Steel Prices Surged in China Over Past Few Days?
Written by John Packard
Steel prices have surged in the Chinese domestic market over the past few days. Steel Market Update reported in our Final Thoughts on Sunday evening that something was up and buyers needed to be aware of what is going on around them – both here in North America as well as around the world. Volatility is a long way from dead.
SMU approached a Chinese steel publication called SteelHome (en.SteelHome.cn) and asked them to explain why steel prices were rising and they provided us access to one of their articles on the subject. We have reproduced a large portion of the article from SteelHome.cn below:
