Talk that the production and export of (the
troublesome) Chinese steel billets is due to slow, has been met with
encouragement in the sub continent markets. The reality is that factories may
not be allowed to reduce their output, just to adhere to strict governmental
targets.
Meanwhile, prices in China have plummeted over the
course of the year to the lowest levels since Chinese buyers emerged onto the
international stage.
Talk of renegotiations between shipyards and state
owners have also been forthcoming showing that in all markets, the perceived
price and performance are two different things altogether.
Source: steel guru. 26 November 2014
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