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20 Mar
00:00

Markets in China unmoved by hints at stimulus

China has this year continued its policy of promoting investment in key infrastructure in order to boost sentiment in the hope that spending will increase, boosting demand and supporting economic growth. Steel markets have remained distinctly unmoved however. This is partly because few of the spending announcements have been unexpected, and partly because the market is no longer certain that Beijing has the resources to keep economic growth steady, Kallanish notes.…
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