MYSTEEL: Momentum remains for China steel prices in Apr

Chinese steel prices travelled through a gentle inverted V-shaped trajectory during March, while during April they are likely to rebound on healthy fundamentals and improved market sentiment, Mysteel's Chief analyst Wang Jianhua predicted in his monthly outlook released on Friday.

By the middle of March, China's composite steel price under Mysteel's assessment had climbed by Yuan 139.9/tonne ($20.4/t) from February 28 to reach a more than eight-month high of Yuan 4,605.4/t on March 14. During the second half of the month, however, prices weakened and on March 30 the