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.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
