08
Jul
01:00
Chinas stock market plunge means less construction steel demand
China’s stock market bubble has burst over the last month, sending investors running for the hills. The key impact on steel however is that the stock market is no longer a tool to reduce debt at developers. This is a necessary step if construction steel demand is to return to significant growth, Kallanish notes.
The Shanghai Composite Index fell another 5.9% on Wednesday to 3,507, down from a high of 5,166 on 12 June. The stock market in China is a sma…
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Anonymous
Very good overview of the weekly steel market.
Anonymous