DAILY: Wuxi Construction Steel Prices Dip
According to SteelHome survey, construction steel price drops by 10 yuan/t in Wuxi market. Yesterday, some steel mills in Jiangsu Province reduced the ex-work price and market price dropped. At present, downstream construction sites start replenishing the inventory with the approaching of National Day holiday. However, the arrival volume of steel products is comparatively tight. For traders, inventory is at a normal level.
SteelHome predicts that construction steel prices will stabilize before National Day holiday in Wuxi market.
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