Steel has fallen to the price levels in 1994

Steel has fallen to the price levels in 1994

Recently media reports, because excess steel production capacity led to price fluctuations in steel prices this year, in early March steel has fallen below the price level in 1994. In addition, the international market demand decline seriously result in a substantial decline in this year, in the first two month steel exports decline more than 50% year-on-year. It is estimated that Steel exports this year will drop 80%, much more serious than the original prediction.