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MYSTEEL: China Dec steel prices face greatest complexity

ABSTRACT

In December, China's domestic steel prices may struggle and fluctuate "with the greatest complexity in history" in both the fundamentals and the futures market with both positive and negative factors present, Wang Jianhua, Mysteel's chief analyst, shared his near-term market outlook on November 30.
Meanwhile, positive and negative factors are paring and battling against each other in China's domestic steel market, among which are the possible growths in steel demand around the yearend or the start of next year due to the likelihood for the government to rectify its control over the domestic property

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