China’s steel tags rise amid supply squeeze
Dec 15, 2006 | 06:45 PM
| Zhu Hui
China's domestic steel prices crept higher last week as transportation problems caused a supply squeeze in the southern and eastern parts of the country.
Deliveries of thermal coal are taking priority on railways in most provinces as winter weather becomes more intense, reducing the capacity available for steel mills in northern China to deliver products to buyers across the country, traders said. But the temporary supply shortfalls have sent prices up by no more than 1 percent in most regions because underlying demand....
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