CHINA CONSTRUCTION STEEL PRICE FALLS TO A 9-WEEK LOW

Technorati Tags: Baltic Dry Index,Baltic Dry Indices,Ship Chartering,Shipchartering,Voyage Fixtures,Time Charter Fixtures,Panamax,Capesize,Handymax,Handysize,Supramax,Dry Cargo Fixtures,Bulk Cargo Fixtures,Baltic Exchange,Freight Review,Maritime Baltic Index,TNT Freight Review,China Construction Steel price down,Steel Price Down,China Steel,Chinese Steel Prices,Iron Ore,China Iron Ore Prices,Iron Ore Prices down 40%

 

24-08-2009

   China’s steel prices have corrected downwards after stronger production levels and stock building. Chinese wire rod prices slipped by $26/t from a week ago to $540/t at the end of last week, down by $89/t (-14%) from their year-to-date high of $629/t set in early August.