20
Mar
07:35
NDRC: No foundation for coal, steel to surge
China’ National Development and Reform Commission says there is no support for coal or steel prices to increase substantially, as markets remain oversupplied. This year China aims to cut 50 million tonnes/year steel and 150m t/y coal capacity, Kallanish notes.
On 16 March the NDRC's overcapacity elimination, deleveraging and cost cutting working groups held a plenary meeting. It noted that the recent steel price recovery was mainly due to pos…
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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