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“There is no space for steel prices to drop further.”
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“It's too early to say that China's steel industry is going to suffer overall economic losses.”
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“Market inspection is allowed by all countries. It doesn't violate the WTO.”
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“The futures would be risky at this time as the domestic economic and judicial environment is not mature.”
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“Unlike other contracts, steel products vary greatly in category, quality and origin. No other country except India operates such contracts, and we don't know whether it works well.”
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“That's nonsense. The association never sets prices - the big mills do based on costs and supply and demand. It's already market oriented.”
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