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Policy Fuels China's Rising Iron Ore, Steel Prices
08/08/2017 - Iron ore and steel prices are rising in China as government policies have helped to tighten supply and increase demand, reports the Bloomberg news service.
According to Bloomberg, the government’s efforts to eliminate excess capacity have brought about the closure of some mills, and, at the same time, economic stimulus money has helped to create demand.
“Steelmakers are facing government-ordered capacity curbs at a time when orders are full and inventories are relatively low,” Zhao Xiaobo, an analyst at Sinosteel Futures Co., wrote in a note on Monday, Bloomberg reported.
Bloomberg has more on the story here.
“Steelmakers are facing government-ordered capacity curbs at a time when orders are full and inventories are relatively low,” Zhao Xiaobo, an analyst at Sinosteel Futures Co., wrote in a note on Monday, Bloomberg reported.
Bloomberg has more on the story here.
