It is reported that China's steel export might rebound in May given the continuously expanding price difference between domestic and global price. Therefore, the export price has already hit the record high and the price rally looks set to extend through the month of May along with growing export volume.

Shanghai Securities News reported that market analysts predict that Beijing might release further tightening policy once the steel export exceeds the warning line.

Global steel prices have posted remarkable run up so far in May as CRU Global Steel Price Index hits 269 points on May 16th up by 13.1% MoM and 56.1% YoY.

(Sourced from MySteel.net)