Chinese sheet market signs upward, and long products market bearing weak tone

摘要

In January 2006, soft domestic steel market appeared a turn. Sheet price started to upward following with continuous drop in past four months; plate market was also improved at the end of January. There are three main reasons, relative tight of resource transportation, low society storage and improved traders confidence; However, long products' price continued to slide down with slower rate. The usual seasonal weakness at this time of year is key reason. In addition, activity in long products' market slowed with coming of the Chinese-New Year Holiday.