Steel prices continue upward march
By Wang Ying | China Daily | Updated: 2009-02-10 08:11
SHANGHAI: Domestic steel prices have increased for 12 consecutive weeks since mid-November 2008, according to statistics from steel consultancy website mysteel.com.
"Prices of steel products have increased continuously since November backed by the resilient demand from downstream industries," said Zhang Tieshan, an analyst with mysteel.com.
Prices of around 30 categories of steel products have staged a rebound from November onwards after bottoming out.
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