CISA to hold meeting to stabilize domestic market

Monday, 17 October 2005 16:06:00 (GMT+3)   |  
       

CISA to hold meeting to stabilize domestic market

According to reports from China, the China Iron & Steel Association (CISA) will hold a meeting on October 21, 2005, in an effort to stabilize China's domestic steel market, which has been following a downward trend while the international prices have recently been on the rebound. Recent statistics indicate that flat steel prices in the international market have rebounded strongly, especially in the US, due to high energy costs as well as the effect of hurricanes Katrina and Rita. However, domestic prices of flat steel products in China have declined 30-40 percent, causing local producers to suffer huge losses. The fact that these prices levels have fallen below average manufacturing costs has China's steel industry greatly concerned. Accordingly, the main topics in the CISA meeting will cover: research of the supply and demand situation in China in 2005, analysis of the reasons for large price changes in China, and review of steel producers' fourth quarter production levels.

Similar articles

Turkish stainless steel sector remains sluggish

16 Sep | Flats and Slab

US scrap prices trend up in first month of New Year

12 Jan | Scrap & Raw Materials

Gap between industrial scrap and cut grade scrap prices widens in the US

12 May | Scrap & Raw Materials

Influence of ferroalloy industry admission criteria on market

15 Mar | Steel News

CISA held 3rd information release meeting

01 Aug | Steel News

CISA held 3rd information release meeting

01 Aug | Steel Matters

US flat rolled market - Short supplies, high demand make for strong market

29 Apr | Flats and Slab

US pipe market - Import prices on the rise

10 Mar | Tube and Pipe

CISA to hold meeting to stabilize domestic market

17 Oct | Steel News

Turkey's industrial growth loses momentum in April

09 Jun | Steel Matters