International Steel Prices
October 7, 2014
Chinese Steel Industry Governed by Shadow Politics & Not Economics
Written by John Packard
Steel Market Update read an article from Reuters on Monday that referenced a CISA official who was quoted as saying that the Chinese steel mills will export less steel in 2015 than what they will end up exporting this calendar year.
We asked one of our main trading sources in Asia, who trades iron ore to the Chinese mills and also exports various steel products around the world out of the Chinese steel mills, to advise how they were seeing iron ore import prices into China and export inquiries out of China and what they think will happen as we move into 2015. This is what we were told earlier today (Tuesday):
