In November, the demand for steel in the domestic market of China was stable, and the price of steel has increased, said the Chinese Association of iron and steel (CISA< / span>). There are predicting that the winter of 2019 – 2020 steel production will continue to grow, demand and supply in the market will be generally stable, while steel prices will fluctuate in a narrow range.
"In November, steel prices have grown on a weekly basis. Among them, the first and second week rose slightly in the third week increased significantly, and in the fourth week corrected", - noted in CISA.
the Association reported that in early December, prices in the domestic China market remain high as the demand.
On the world market steel prices continue to fall, said Association. In November, the international price index for steel (CRU) amounted to 144,5 points, showing a decrease of 3.7 points compared to the previous month or a decrease of 2.5%, a decrease of 2.5 percentage points compared to the previous month, a decrease of 36.9 points, or a decrease of 20.3% compared to the same period last year.
According to statistics from the National Bureau of statistics of China, in November, the volume of steel production in the country made up of 80.29 million tons, yoy growth amounted to 4.0%. Steel production in China from January to November exceeded 904 million tonnes, which is 7% higher than the same period last year.
