New steel trading markets to boost logistics in Dongguan

NEWLY founded steel trading markets in Dongguan, Guangdong's manufacturing base, are to stimulate the development of the city's logistics business, according to an unnamed analyst from Puhui Ratings, a domestic consultancy company.


With fast development of logistics, large domestic traders like Sinosteel and China Minmetals grow rapidly and become to leaders of the industry. They have sale volumes of over CNY100 billion (US$15.3 billion), far beyond the average level and the growth is still growing fast.


As the steel trading business in Dongguan becomes more mature, sounder statistical methods, market monitoring and alert-sounding systems will be developed. This will also bring about merger and standardisation to the current scattered and disorderly steel supply chain.
(Source:http://www.schednet.com)