In August, the global steel market continued todifferentiate, and the overall performance was down. The European market, whichwas affected by both weak demand and pressure from export resources, continuedto bottom out in August. In the North American market, after the US steel millsannounced the closure of several blast furnaces, they raised the price andpushed up the market. In August, the flat steel prices in the US market beganto rise, and the long profile prices and import prices continued to decline. Inthe Asian market, prices fell in August, and China's domestic steel market fellby 4.7% month-on-month. Looking ahead to September, we expect the global steelmarket to rebound moderately.
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