World's fourth largest steel maker Nippon Steel said it expects to adjust the current steel market in Asia will not last too long, cut in China, and to technology stocks Hou will see recovery in demand from October to December.

5,6 months after China increased exports, iron and steel export markets in Asia tumbled this quarter, prompted some of Baoshan Iron and Steel shipments down in August of cold rolled steel prices up 5%.

"We expect October to December of stock to China after the gradual recovery in steel prices will then be extended to the strong momentum of the export market." Taniguchi, deputy director of Nippon Steel Corporation into one made in the August 3 interview said.

He said the fourth quarter of this year, Nippon Steel intends to increase export price of hot rolled more than 700 U.S. dollars per tonne.

But Taniguchi further signs of inventory adjustments in China known as yet to be confirmed.

"Iron ore prices have recently rebounded no basis, no one knows who is buying." Taniguchi said further.

China's domestic iron ore spot prices Monday rose more in July low of nearly 20% to 141.2 U.S. dollars per ton.

Taniguchi further said that the pricing mechanism in the new quarter iron ore prices rose, so that steel is difficult to maintain their profit margins.

"Spot market price is reflecting the actual demand, it is not clear." He said. "It's difficult for us due to rising costs onto customers."

Taniguchi further said that Nippon Steel is expected, as market conditions improve their profit margins, 10-December will be expanded, but the recent iron ore prices rose may make this hope springs, or even loss and profit.