Time for a steel pricing correction?

According to Daily News Analysis India, corrections are imminent for steel pricing worldwide. After three consecutive months of falling Chinese steel exports, the stage is set for increases in international steel prices, especially in India. According to DNA India, the China Iron and Steel Association confirms that the recent trend in moderating Chinese steel export volumes is expected to continue through the year.

This reduction in steel supply volumes is to be accompanied by reduced steelmaking output in America. The report observes that recent production cuts in the USA are likely to allow price rises in the coming months.

For original article, see http://www.dnaindia.com/report.asp?NewsID=1115154.

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