19
Apr
01:00
China reserve ration cut could boost iron ore in short term
China has cut its banking reserve ratio by one percentage point to 18.5% effective Monday in an attempt to increase lending and boost the economy. Seaborne iron ore prices increased slightly last Friday despite another bland day on the Chinese steel futures markets, and could be boosted by news of the reserve ration cut, Kallanish notes.
The move by the People’s Bank of China comes as China’s economic growth is being heavily impacted by…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous