CSI: Are markets too confident?

CSI: Are markets too confident? (Feb. 9, 2022)

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Steel markets have started 2022 on a strong note in China, with confidence recovering from late 2022, although real demand remains frozen in the winter snows. Higher steel output has driven iron ore back to $130/tonne levels, while steel export offers are being hiked despite limited buying interest.

Chinese steel and other commodity markets are pricing in significant Chinese stimulus to stabilise the struggling economy this year. Are they right to do so? How much stimulus can really be expected? And does this mean an end to tightening the belt and real estate reform?

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CSI: Are markets too confident? (Feb. 9, 2022)

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