MYSTEEL: China to see intensifying steel market volatility in May

After experiencing a relatively subdued April, China's steel market is expected to witness more pronounced fluctuations in May as various policy measures taken by governments worldwide have their effect, Mysteel's Chief Analyst Wang Jianhua predicts in his latest monthly market outlook.

China's steel prices tumbled at the beginning of this month and have kept hovering around the lowest level since last September, with Mysteel's assessment of the country's national steel price averaging Yuan 3,487/tonne ($478.5/t) including the 13% VAT during April 1-27, down by 1.9% from the average price in