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CSI: Chinese steelmakers highlight H2 fears

CSI: Chinese steelmakers highlight H2 fears (Sept. 4, 2018)

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The unstable international trade situation and changes in the domestic market, especially stricter environmental protection requirements and policy on credit, have been cause for concern for Chinese steel companies in the second half of the year. Looking through the annual reports of 22 listed steel companies, the China-US trade war, market supply and demand changes, environmental protection policies and financing risks have been highlighted by steelmakers as issues. This month we take a closer look to see what they are worried about.

The underlying issue is that steelmakers are unable to break away from their reliance on the wider economy and government policy to ensure their profitability.

The question now is, are steelmakers and the Chinese government doing enough?

 

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