STEEL MARKET: The price of rebar rose about 300 rmb in october!

Alan Yang

Now the enhancing of environment protection is becoming the new normal. The costs of the steel mills are rising

sharply.The capacity utilization rate of blast furnaces is down obvirously at the end of october. But the need of

steel will be down becasue the effect of the regeluation and control of the real estate and the coming of the

low consumption season of the steel.  So the predcition in Nov is that the supply and need will be weak  and

the prices will be up and down around the cost.