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Soaring Price Surged the Stock Market

By , 2008-03-08 12:00:00

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Shares have soared up by the push of steel sector recently. The price of wire rod, deformed bar and medium plate have increased a lot, up 13.1%, 11.8% and 6.2% than the beginning of November respectively, and an increase of 42.0%, 45.4% and 31.1% than the beginning of the year. Hot-rolled steel coil and cold-rolled steel coil up 8.3% and 5.0% than the beginning of November, 17.9% and 8.7% than the beginning of the year. Because wire rod and deformed bar are widely used in the building industry, so the companies handling the steel products will benefit the most at the market.

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