20
Mar
09:14
China loosens credit for coal and steel companies
The People’s Bank of China has issued an urgent notice on continuing provision of credit to competitive coal and steel companies, according to Southern Metropolis Daily. The note is in sharp contrast to notices in recent years restricting credit to these sectors, Kallanish notes.
According to the announcement, banks should continue giving credit support to coal and steel enterprises which are experiencing short-term difficulties but which ar…
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Anonymous
Very good overview of the weekly steel market.
Anonymous