15
Feb
09:35
Hebei banks say they support steel 'restructuring'
Hebei’s banks are using their loans to support the restructuring of the local steel industry, according to the Hebei office of the Banking Regulatory Commission (BRC). There remain differing practices between the state-owned and private sector, however, and loans to failing steelmakers appear to be continuing, Kallanish notes.
The BRC says the Hebei steel industry had outstanding loans of CNY 213.94 billion ($) at the end of 2015, CNY 23.39 billi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous