With October holidays set to commence in the coming
week, the majority of yards took the opportunity to finish business earlier (it
is not as if as if they have been missing much of the international business of
late).
Despite
remaining busy on the local front (it has simply become a domestic recycling
market this year after the announcement of the state subsidies), there has been
nothing to report in terms of international sales for some time yet.
The situation
is hardly expected to improve after October holidays either, as the expiration
of the existing subsidy in late 2015 is the only factor that may elevate China
to once again compete with the Indian sub-continent markets.
Source: steel guru. 30 September 2014
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