The supply glut is expected to remain a major dampener for Chinese steel prices, which saw sharp losses in January 2015 and the steel index falling 10.92% compared to December 2014 and by 27.3% when compared with the same period last year.

Steel prices in China are now at their lowest for 10 years and the Chinese steel PMI recorded 43% in January, falling for the 11th straight month and having stayed below 50% for nine consecutive months.

Production was slashed by 5.09% between 11-20 January but inventories surged 8.25%. Raw materials prices fell at a moderate pace.

铸件展-铸件采购会-国际铸件展-2015第十六届广州国际铸件展会-巨浪展览-The 16th China(Guangzhou )Int’l Casting product Exhibition