It is thought that remarkable increase of long steel prices in north China in the given week, exceeding market players' expectations, would help stabilizing the market, though these steel increases should be followed by some adjustments. However, long steel prices in eastern and southern parts of China have maintained a relatively stable upward trend. During the past two weeks, average increase of long steel in Chinese domestic market reached $45-50/mt.
It is thought that Chinese domestic long steel market may maintain its uptrend in the coming week.