Chinese steel prices are holding at four-year highs even as levels look tense, given the government's efforts to maintain stability ahead of the ruling party's meeting in the fall and long-term plans to cut production.
“We see this as a bubble,” said Kirill Chuiko, strategist at BCS Global Markets in Moscow. "But the situation is likely to persist for another couple of months as the Chinese stimulus should remain in full force until the China National Congress at the beginning of the fourth quarter."
The Communist Party Congress, held every five years, will be chaired by Chinese President Xi Jinping as the country struggles to maintain economic expansion while increasing incentives leaves it overly dependent on production for growth.
+38 (098) 875-40-48
|
|
|
Subscribe to news 
Metallurgy news
- Today
20:00 The thickness of the metal matters! 19:00 "Youth shoulders is strong, old age is smart " the production of rare elements and, specifically, rare earth metals in Russia can grow seven times, said 18:00 If you are interested in geologies and you have children, I highly recommend visiting July 5 at 14: 30a href "https://t.me/d5dd0N51MSW1ZDI6 " target "_ BLANK " rel "noopener " 18:00 Severstal and VK Tech received a joint award in the category "Data Storage and Management. Import substitution of the year" 16:00 At the Baim GOK in Chukotka, an experiment will be launched on the use of unmanned self -samples 16:00 Tin: imports increased by 70%, exports fell by half 15:00 Vote for the Severstal video at the All-Russian Big Challenges Competition, voting is underway for the best video visuals of the Big Challenges project teams! 14:00 Norilikel represents the fifteenth overview of the markets of nickel, copper and metals of the platinum group (MPG)
Publications
03.07 02.07 How to choose furniture in the hallway: secrets of comfort and amenities at the very beginning of your home 30.06 The choice of summer rubber 01.07 Half -dimensional naivni pidlog: 01.07 Aerated concrete blocks from the company ceramic fest
