Screw steel market situation

From a macro point of view, in 2013 the domestic steel prices fell sharply, China's steel product prices will fall sharply, has always been a problem of excess capacity, and the main raw material, iron ore prices are also lower. China's slowing economic growth is inhibited the country's steel and iron ore demand, dragging two commodities prices fell to multi-month lows and global producers of iron ore expansion plans at risk. Expected trend will not change in the coming months, because too much capacity and industry consolidation is too slow while iron ore oversupply problem has been aggravated, predicts prices will continue to fall.