On October 1st, China ambled to week long National Holiday and the steel market heaved a sigh of relief after a sordid September.

Although market would like to vie to erase the memory of the havoc underwent as prices plummeted at the bristling pace, market players are not very optimistic of a reversal on opening now.

The events this week will change the fortunes of many and we need to watch the unveiling of trend with great caution.

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