Taiwanese carbon steel plate buyers believe that the market will keep rolling because of price up on raw material costs and increasing demand, particularly driven by the third round of Quantitative Easing by the US.

As a result, some buyers have initiated to replenish their inventories and purchased bulk steel sources with the lowest level of steel prices.

The global steel market recently has released some advantages on future trend of steel price.

On the other hand, the initiated QE3 also drove up the metal and oil prices, boosting the share prices of iron ore enterprises by sharply around 5% to 6% in Australia and Brazil.

It is estimated that the steel prices eventually will come off trough with hectic iron ore prices.

Source - www.yieh.com)

(www.steelguru.com)