MYSTEEL: China steel prices poised for rebound in October

After sliding steadily during the previous two months, Chinese steel prices are expected to rise in October, lifted by improved fundamentals plus the likely implementation of strengthened economic stimulus policies by the central government, Mysteel's chief analyst Wang Jianhua predicts in his latest monthly outlook.

On September 30, Mysteel assessed China's national composite steel spot price at Yuan 3,468/tonne ($487/t) including the 13% VAT, lower by some 1.5% from the end of August. Steel replenishment demand among end-users ahead of the country's National Day holiday week (spanning October 1-8) was weaker than market participants had