2012 Chinese New Year will be the year of the dragon.

The Chinese Mythology says that this year will the year of strength as it will be represented by the Dragon. Unlike the western culture, the Dragon is considered auspicious in the Chinese culture. Happiness, wealth and longevity are the hallmark of the Chinese New Year.

The Chinese believe that the coming year will be the ren-chen year, that is a year represented by the water dragon. The word Ren means water which stands at the ninth number among the ten celestial stems. On the other hand, Chen means Dragon, which stands at number five among the twelve terrestrial branches. Hence the year 2012 has been marked as the year of the Dragon.

The Chinese mythology believes that the Chinese Dragon is a legendary creature. The Dragon has mythic counterparts in the Japanese, Korean, Vietnamese, Bhutanese, Western and Turkic dragons. The dragons in the Chinese art are presented as long, serpentine, scaled and four legged living creature. In the European culture, the dragon is considered as evil. While as a contrast, in the Chinese culture the Dragon is considered as auspicious. Mythology says that the Chinese dragon has control over water, rainfall, hurricane and flood. Moreover the dragon symbolizes the power, strength and good luck.

We hope that these positive vibes would also propel Chinese steel sector in 2012 bringing back the domestic demand for steel

To know exact prevailing steel prices in China on daily basis, subscribe to services of SteelHome by sending a mail to admin@steelprices-china.com