[ferro-alloys.com]  At the beginning of last week, prices of spot steel dropped because of demand not as good as expected and high inventory. Trading war between China and America suddenly broke out at the second half of last week, led to future of many products of black serious limited down in succession, panic feeling has spread in the market, ignited prices dropped in a straight line, accumulated drop prices of spot goods were over 300 RMB/MT. Meanwhile, this week is the end of this month, traders have obvious pressure of collecting capital. Affected by these bear news, most traders hold pessimistic attitude, drop of the price of steel is hard to stop in a short period. 

• [Editor:Wang Linyan]