It has been an encouraging start to life post Chinese New Year for local
buyers and the Industry in general, as prices remain firm and even push on for
the right units on offer.
Whilst the Indian sub-continent market remains relatively subdued,
Chinese buyers are expected to procure their fair share of tonnage (as plenty
of units were offered this week), yet the number of confirmed deals was on the
lower side.
If China continues this sort of form as Indian sub-continent markets
repeatedly stutter, then it is sure to be a bumper year of the snake ahead!
Source: steelguru. 26 February 2013
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