Back in 2013 steel price quotation, at the end of February after year highs, from the beginning in March, all the way down, low hit a year until the end of June.Then, in July - August,schedule 40 hot dipped galvanized carbon steel pipe ASTM A106 once steel prices higher, but then shock downward.From the end of October so far, steel prices as a whole in a state of shock consolidation.
However, while steel prices trend looks, in fact this curve has been marching in the low post."By the end of October, steel price index have 11 weeks are below 100 points."Zhang changfu, vice-chairman of the disclosed.
What does it mean?Steel price index is calculated as the price of 100, 1994, that is to say, this year's steel prices have a quarter of the time below the price level in 1994.
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