OREANDA-NEWS. August 01, 2013. U.S economic indicators show improving signs, and consumer confidence reached record high, the concern over QE early exit has been removed, which ease the negative impacts, including capital retreat from emerging market.

Even though European economic prospect was weak, industrial production has improved and next half year can be expected. China is undergoing the Economic restructuring, and export is experiencing challenges. China will launch investment package and stimulus package to reduce the risk of GDP deceleration.

Third quarter is traditionally low season for steel industry. However steel demand is improving due to low inventory level and utilization rate is down because of electricity rationing. Supported by the increasing prices of iron ore and scrap, steel prices bounced back. With increase in market confidence, China, Japan, Korea steel mills are aggressively raising export prices.

Export prices of domestic downstream industry stop falling and become stable due to international steel prices hikes. To strengthen market confidence, CSC has decided to keep prices the same across the board for September shipments.