Feb.18 MetalBiz--Under the drive of economic stimulus package in January, domestic steel market presented a recovery situation, market confidence further restored, steel production and demand inclined to some extent, and steel products prices slightly rebounded, thus made the declining range of international steel market slowed down.

Domestic steel prices faintly rebounded.
At the end of January, the composite price index of domestic steel products stood at 107.69, up 4.39 month-on-month, but down 18.62pc year-on-year.

The composite price index table of domestic steel products
Price index End-Jan., 2009 End-Dec., 2008 Growth m-o-m (%) Up&Down
(%) The same period last year Growth y-o-y (%) Up&Down
(%)
Composite 107.69 103.3 4.39 4.25 126.31 -18.62 -14.74
Long products 111.96 108.54 3.42 3.15 13.79 -18.83 -14.40
Plate products 106.50 101.69 4.81 4.73 127.74 -21.24 -16.63

In addition, varieties products prices all boosted to some extent, especially hot-rolled coil and plate and cold-rolled sheet. For further info visit chinametalbiz.com