Domestic Steel Price Performs Unstable, with Inferior Demand

SHANGHAI, Nov.27 (SMM)－Data shows in recent week price of domestic steel spot has enlarged in rise amount, touching high level within the year. But the transaction performs unstable due to lack of demand. Iron ore market keeps volatile with continuous increase of imported ore inventory at ports. As per analysis of some institutions, upcoming domestic steel market will face mixed tendency of bears and bulls. In December domestic steel price will keep rising and dropping alternatively with a volatile tendency. (Xinhua News)