According to the report compiled by CISA recently, the domestic steel market may continue fluctuating at comparatively bland levels in January of 2012 given to the inactive official industrial data on all sides.
As the economic growth slowdown goes on, Chinese manufacturing industry will be impacted substantially. After the retreat of the governmental subsidies to home appliances, the steel demand also has been constrained enormously. However, previous low-priced raw materials will be gone forever. Even though the investments for iron ore projects have increased up rapidly, the seaborn iron ores can not rise drastically in the short run considering of the infrastructures for rails, power plants and export ports are still prematured on all sides.