2012-05-21

Chinese steel prices resume the plunge


The optimists think: China growth: bottoming out?
The pessimists look to: Chinese Iron Ore Buyers Defer Imports Cargoes, Mirae Says
“Moderately improving demand can’t keep up with the surge in steel capacity, leading to falling prices and forcing steelmakers to cut output,” analyst Henry Liu said by phone today from Hong Kong. “We started to hear of such deferrals in the past month.”

......"China is hand to mouth at the moment," the unnamed source is quoted as saying.
China buyers defer volumes of raw materials

No comments:

Post a Comment