In the recent three weeks, Chinese steel price has been increasing on the domestic market and will probably go up further thanks to the increasing demand.

Analyst said that because of the coming of the traditional peak seasons, the steel price will probably keep go up in September and October.

Currently, quite a few steel traders are holding an optimistic attitude towards the market trend and begin to stock the material one after another.

Chinese leading mills like Baosteel have begun to lift the domestic steel price gradually.