Still, 38% of the respondents saw a potential drop in local prices compared with September, while 19% signaled potential increases.
The steel price index reading was 52.50 points for October, an increase of 3.09 points over September's index. The reading was above the 50 points cutoff for the first time since June.
In general, readings above 50 are interpreted as bullish, and readings below 50 are bearish. A reading of 50 suggests no change in sentiment.
US employment data falls short of expectations, aluminium ingot continues destocking trend this week
