Weak August Rising Stainless Steel Falls Limited
Recent United States economic data showing a further recovery in the dollar index formed rally trend, commodities subject to certain pressure. Recently the European Union, the United States on Russia's sanctions will have a negative impact on global economic situation.
Home, from various economic data, the overall economy will recover, but there is a gap with market expectations, especially the real economy is very general. Nearly two months of social new Yuan loans increased slightly, M2 recovered faster, but this year earmarked, it does not support for the country's iron and steel industry is under great pressure, steel trading business loans are still tightening State. Recent manufacturing index (PMI) rebounded more, but for the moment the stainless steel industry boost is limited, May 9 to October can bring an economic turnaround is expected.