MYSTEEL: Chinese steel prices to rise further in April

Chinese steel prices will continue their upward trajectory in April, buoyed by firm production costs and a steady recovery in steel demand at home and abroad, Mysteel's chief analyst Wang Jianhua predicts in his latest monthly outlook.

Last month, the country's steel prices ended a two-month fall and rebounded in tandem with the rise in world energy prices, with the national composite steel price averaging Yuan 3,437/tonne ($499.1/t) including the 13% VAT during March 1-31, higher by 0.8% from the average price in February, according to