News (en)

China steel prices rise as government crackdown offsets slow demand

July 17, 2017

China’s steel prices rose on Monday, regaining some lost ground from last week, as investors bet on tighter supplies from government-enforced cutbacks, offsetting concerns about slow demand and rising inventories in the world’s top steelmaker. The effort to close small low-tech furnaces comes as Beijing aims to cut excess capacity, tackle pollution and improve safety […]