Tuesday, 21 Apr 2009
It is reported that Prices for most steel varieties continue the downtrend in March in North China's Hebei province, with prices for eight major varieties dropping 25% or so from a year ago due to withering demand and massive supply overhang.

According to Hebei Pricing Bureau, prices for common-carbon round steel, rebar, angle and wire rod fell 1.3%, 2.9%, 4.4% and 4.1% respectively from the previous month; while price for common carbon hot-rolled medium plate kept flat with the month before.

Prices for common carbon hot rolled sheet, cold-rolled sheet and galvanized steel up 0.3%, 3.1% and 4.4% respectively from the month before.