09
Sep
07:03
Chinese inflation shows strong steel but weak demand
Chinese inflation figures for August show that consumer price inflation (CPI) slowed again while producer prices were boosted by steel. Although steel prices are driving the recovery in producer prices, there is little in the data to suggest anything that could sustain those recent increases in steel prices, Kallanish notes.
Producer prices were up 0.2% in August from July, leaving them down just -0.8% year-on-year, according to the National Bureau of Statistics…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous