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China Steel Industrial Union will hold a meeting this week

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The monthly meeting between Chinese steelmakers is scheduled for this week in Beijing. The meeting of the China Steel Industrial Union is held to help keep the market price stable and to promote cooperation between steelmakers. According to the current grim situation in the market, the meeting intends to harmonize the steel mills and import and export with the market. Since September, the International market steel price had been rising gradually, especially in North America where prices are keeping a strong growth. In the Chinese domestic market on the other hand, steel prices have been dropping continuously. The price of steel plates coils and sheets in particular have been dropping. (Oct. 19)
News Date 20 Oct 2005 11:37:28 reported by Richard Bian

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