SteelGuru- China’s steel market is agog with anticipation of frenzied stimulus package with the economic indicators dipping. China’s economy grew at 7.4% for January-March, down from 7.7% in the fourth quarter of 2013. Despite the new regime warding off mounting pressure for booster package ultimately it is expected they will yield to growth compulsions. It is.. read more →
By Bloomberg News Apr 11, 2014 8:52 AM GMT+0800 China’s slowing economy and tougher government anti-pollution efforts are taking a toll on its steel mills, rattling the world’s biggest producer of the alloy and flashing worries of a potential downturn in the globaliron-ore trade. The result is 2 percent of steel-making capacity will be eliminated this year, according to.. read more →
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