November 20, 2008

Shuigang Group held discussion to stabilize construction market in South West China

It is reported that Shuigang Group invests Chengdu Steel, Chongqing Steel, Dazhou Steel, Kunming Steel and other steelmakers in south west China to participate a subject meeting held on July 15th.

Currently, rainy weather in south west China dilutes the terminal demand for construction steel and further softens the steel price in domestic market as well. Partial traders compete forcing down price. The market drags in discount flu.

Citing disorder is spreading in the market, Shuigang Group suggest to hold the subject meeting on discussing how to stabilized the construction market in south west China.

(Sourced from MySteel.net)