14
Aug
01:00
Hang Seng Bank blacklists Chinese steel
Hong Kong’s Hang Seng Bank says it will avoid lending to the Chinese steel industry, as well as shipbuilding and other sectors with overcapacity. The announcement was made on the same day that mainland China released data that showed bank lending there had slumped drastically in July, Kallanish notes.
China’s steelmakers have seen the cost of financing their operations rise drastically as they take on more debt even as the government tries to res…
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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