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Print[Ferro-Alloys.com] It is reported that Chinese steel prices have experienced a sharp increase with almost 2% rise since this Monday.
It's analyzed that the Quantitative Easing 3 (QE3) by the US Federal Bank market and stimulus by Chinese government to build 25 lines of subway systems among major cities across China have pushed up the steel prices in China.
Nevertheless, the over production still remains as the main issue to halt the price rise.
According to the statistics, China’s daily crude steel output totaled 1.895 million tons in first 10 days of September, increasing by 1.2% from 10 days ago
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