15
Jul
01:00
Flat Chinese GDP gives little comfort to steel market
China announced GDP growth at 7% year-on-year for both the third quarter and first half of 2015 on Wednesday. Although the accuracy of the data has been called into question, the trends paint a very clear, and very bleak, picture for steel demand, Kallanish notes.
With most analysts expecting a slight fall in GDP growth in Q3, many have suggested the figures are massaged. The exact figures are almost irrelevant to the steel industry though as the trends in t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous