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Foreign steel giants optimistic toward China steel price surge [SteelHome] 2005-06-23 10:28:04 China domestic steel market has once suffered great price slump last April & May, while along with recovering market confidence, steel price has rebounded month after month to the highest level this March. However, from Apr, 05, China steel price has begun to fall, for some steel products varieties, market price at the moment has averagely dropped 1000 Yuan/ton against that of the 1st Q, and some other varieties have suffered 15-20% price fall with widening price gap against global market. Despite this, professionals at both home and abroad have shown that firm confidence toward China steel market. China Iron & Steel Association (CISA) has concluded after careful investigation that China domestic steel market has suffered intentional market speculation as saying "China steel price has dropped to the lowest level in the world, which is quite abnormal." Meanwhile, China steel enter http://www.steelhome.cn/en/ is a professional information and news supplier for China steel industry, which includes market price, analysis, impo/expo news, international market info, research report, industry dynamics, enterprises dynamics, ex-factory price, enterprise profile, domestic statistics, international dynamics, impo/expo dynamics, industry standard, and macro news for all general steel and raw materials including scrap, coke, pig iron, ferroalloy, iron ore, billet/slab, wire rod, rebar, section, CR sheet, HR sheet, GI, PPGI, tinplate, H beam, medium plate, etc, for your best understanding of the latest updates in China steel industry.

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