25
Jul
07:05
Zombie steelmakers stage revival in China
Since March and April many steel mills deemed to have shut down have in fact restarted production following a short-term market recovery. As a consequence, crude steel output has been considerably boosted, with a new record seen in June, Kallanish notes.
According to a specialist from China's National Development and Reform Commission (NDRC), credit easing and rising prices in first quarter have largely stimulated steel production. Many so-cal…
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Anonymous
Very good overview of the weekly steel market.
Anonymous