Overcapacity, high stocks weigh on China's Oct. steel tags
Nov 17, 2009 | 07:58 AM
|
China's steel overcapacity and rising stocks will continue to weigh on prices, the China Iron and Steel Association (Cisa) warned as prices fell in October for the third consecutive month.
Chinese steel prices slid 1.6 percent from the previous month and 7 percent from October last year but are expected to stabilize and rise this month. However, any gains will be capped by overcapacity, rising inventories and still-weak external demand, Cisa said.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here