17
Aug
01:00
Devalued CNY could also hurt Chinese steelmakers
The prospect of a further devaluation of the Chinese Yuan has spread fear in other regions of increasing imports from China’s oversupplied steel market. Another facet to the story however is the negative impact of the devaluation on indebted Chinese steelmakers and key consuming sectors such as construction, Kallanish notes.
China’s steelmakers have struggled to raise funds in recent years and those with the ability to do so have turned increasin…
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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