New dynmaic of China market

Due to the extension of the Chinese New Year holiday, the market price after the holiday is different from the past and has not increased significantly. Many customers have chosen this time to cooperate with MESCO STEEL.

However, all of factories in China began to resume work gradually, and due to the resumption of factory, the domestic market price has increased sharply, with a cumulative increase of 12-20 US dollars in a week. Steel mills have to limit production in order to stabilize prices, which has impacted output to 300,000 tons / day, and out of expection. Market prices will pull back after a slight rise in the short term.

Email:mesco_16@aliyun.com