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CSI: Summer stimulus disappoints (Aug. 8, 2023)

Summer is fading fast and autumn is approaching. With steel markets now focussed on the seasonal autumn recovery, there remain big questions hanging over the Chinese economy. China’s leaders were meant to be putting doubts to rest after their mid-summer meeting, but policy options remain limited and confidence has not been restored. Further stimulus is still expected, and production cuts could help tighten steel markets, but there is little doubt that further action is needed.

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