China's Steel Market To Clear Up Around Tomb Sweeping Day Holiday

- Apr 04, 2018-

China's Steel Market to Clear up around Tomb Sweeping Day Holiday


Contrary to the forecast done by Custeel before the Spring Festival, the domestic steel market in China fell downward shortly after the holiday passed. 

Under pressures of storage, funding and market demand, a slew of traders felt trapped like slow-boiling frogs by previous stockpiling. 

As a result, steel prices immediately turned back to the original point with the bearish market atmosphere.

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