International Steel Mills
November 29, 2016
Chinese Market Still Red Hot
Written by John Packard
One of our main Asian contacts provided SMU with a brief glimpse as to what is happening in China this week:
No major changes in Ore prices until after the New Year… Waiting to see if the Chinese Government makes any Regulation changes after New Year. You know this is a normal SAGA around this time of the year and it will continue onward past Chinese New Year as if nothing changes on Jan. 1, 2017, everyone will then have to wait till early Feb. 2017 which is after the Chinese New Year.
