China's steel industry still suffering to cut prices

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Publish time: 8th May, 2013      Source: ChinaCCM
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It's reported that many china steel makers are still facing difficult time and are expected to lower factory prices for major steel products.

Although China has a lot of ongoing infrastructure construction projects, the steel prices are still hardly to increase the price as expected.

In the earlier of this year, steel market predicted a rebound in demand for steel, but the expectations of rising demand turned out to be false and triggered producers to cut prices.