Credit crunch seen restraining China's steel supply in 2014
Feb 14, 2014 | 08:50 AM
SHANGHAI Tighter credit conditions and more disciplined pricing in China could help steel markets outside China this year by keeping Chinese oversupply in check, according to Jo-Chi Tsou, chairman of Taiwans China Steel Corp.
The operating environment for steel mills in mainland China is changing, he said, with producers no longer able to rely on cheap funding and state-owned enterprises forced to pay more attention to costs, profit and environmental issues.
"Although the supply capability is still there, it may not show enough to destroy the price," Tsou said in a Jan. 22 interview with AMM sister publication Steel First at the companys headquarters in Kaohsiung, southern Taiwan.....
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