25
Sep
01:00
Chinese debt default reveals murky credit practices
News this week that an eastern Chinese steel trader had defaulted on loans has again ignited chatter about looming bankruptcies in the steel market. Hard evidence of a more widespread crisis remains absent, however, and the impact of the latest defaults may only become clear over the coming months, Kallanish notes.
On Wednesday, the Shanghai-listed Anhui Wanjiang Logistics Group told the Shanghai Exchange that one of its subsidiaries had defaulted on Yuan 2.…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous