Jul 22 2010
Research and Markets (http://www.researchandmarkets.com/research/74a1f7/monthly_report_of) has announced the addition of the "Monthly Report of China Steel and Raw Material Markets" report to their offering.
Monthly Report on China Construction Steel Market
As the Eurozone debt crisis gave rise to worries on global economic growth, regulation on real estate market triggered panic sentiments, thunderstorm in Southern China pared market demand and financial market swung wildly, China construction steel market headed down amid fluctuation in June 2010 but the pace slowed.
The growth of newly started projects and total investment in new projects in the first five months of 2010 have both posted a yearly increase as the nation continues stricter control on real estate sector. Therefore, construction steel demand weakens to some extent on the whole.
The relationship between supply and demand is likely to improve in later stage as more and more steel mills shut down production for maintenance during June-July in view that construction steel price has been running below average industrial cost for more than one months. Moreover, market supply will remain abundant.
It is predicted that China construction steel market will fluctuate at the bottom level and some cities might see a rally in July.