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Asian H beam prices expected to rebound soon
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Recently, Asian steel mills have been receiving more and more inquiry for H beams, showing the prices to rebound soon.
In fact, the H beam prices dropped to US$700/ton C&F from US$900/ton C&F in Asian market in the past few months.
However, the stocks of H beams have been decreasing in Asian market recently as the traders previously reduced the purchase. Thus, it’s said that the prices of H beams may rebound soon, driven by the rising inquiries.
News Date
11/18/2011 2:39:57 PM
reported by
Nann Cheng
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