08
Apr
01:00
Miners take little comfort from Chinas subsidy, tax reform rumours
Chinese media reports suggest Beijing is likely to announce policies to support the domestic mining industry this year, either by reforming China’s resource taxes or by issuing subsidies to struggling sectors such as iron ore. The true impact on market prices may be limited however, depending on the details of any policy change, Kallanish notes.
Reports in the China Securities Journal suggest support could be announced as early as this month. The exact…
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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