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News
Steel prices have been lower close to steel mills "bottom line", the Spring Festival holiday is just around the corner, the first domestic in our Chinese market has "down is down"and in passive state of stabilization.Global iron ore market is still in the market, big miners still adhere to the "low-cost expansion on small and medium-sized miners" strategy.
After steel prices plunge for all of last year 2014, the current domestic steel price is lowest in nearly a decade, and Chinese market is "down is down" already ,merchants think prices have more difficult to have further to fall, the market is expected to improve, but because of the lunar New Year holiday in February 2015 that the stagnation of the basic demand, traders stock up more cautious, short-term market is difficult to fluctuate obviously, the author expects to march in the Gregorian calendar in early April as demand gradually warming, the whole or slowly rising steel prices.