Mills to reduce buying prices in November-December

摘要

Scrap buying prices will go down largely due to unfavourable situationin the finished steel market. A seasonal decline in construction activitywill result in higher supply of rebar in the market, so quotes will dropin November-December. In the circumstances, steelmakers will seekto adjust steel scrap buying prices similarly. Finished product quoteswill stabilize in January, so they will stop putting any pressure on rawmaterial prices.