Recent market compensation made steel-making companies shares lucrative in 6 to 9-months perspective. According to VTB Kapital analysts, steel price will grow by 15 to 20 per cent during the period due to beneficial season factor,
start of a new Chinese five-year plan term, active stock reserves replenishment and lower raw materials accessibility in the first half of 2011.
Chinese investments into rural infrastructure and affordable housing projects would become the major midterm factor for steel market. Hard coking coal prices would remain at $300-per-t rate until 2012 or 2016, the analysts predict.