Shares of Chinese Steelmakers Notch Down on Expectations of Rising Output

Rising production and falling steel prices have taken some of the financial sparkle off of China’s iron and steel industry, which had been benefiting from healthy demand and mill closures, reports the Bloomberg news service.<br /><br /><br />"The supply-side reform has created a lot of positive effect in the last few years but does not look likely to...

 

 Rising production and falling steel prices have taken some of the financial sparkle off of China’s iron and steel industry, which had been benefiting from healthy demand and mill closures, reports the Bloomberg news service.

"The supply-side reform has created a lot of positive effect in the last few years but does not look likely to gain much further momentum this year," Pan Jiang, chief executive officer of private investment fund Shanghai V-Invest Co., tells Bloomberg.

Source: www.aist.org