In China, more expensive steel

In the Chinese market began to rise the price of steel. About this claim by market participants. According to them, steel 5-12 mm is now 4870-4900 yuan / ton (744-748 dollars per ton), which is 100 yuan / ton higher than the previous price. Traders said domestic producers raise their prices for the metal to reduce borrowing costs. It is worth noting that export prices for Chinese hot rolled steel in a few weeks will be 730-750 dollars per ton FOB. Earlier it was reported that China in 2010 compared with 2009 has increased export the final steel products by 73%, to 42.56 million tons. Foreign supplies of Chinese steel products totaled 24.81 million tons of steel pipes - 65 million tons of long products - 5.19 million tons, and sections - 2.08 million tons. Recall that the Chinese steel industry in mid-January 2010 compared with the beginning of the month reduced the daily average steel production to 1.695 million tons. In general, in the middle of the month in the country have released 16,954,000 tons of metal. In early January, China's daily produces about 1.79 million tons of steel. Ministry of Industry