International Steel Prices
December 13, 2016
China Steel Mills Being Forced Back to High Grade Ore
Written by John Packard
Steel Market Update received the following information about the Chinese steel market through one of our trading sources located in Taiwan. Our source is a very active trader in China trading iron ore, steel and equipment with the Chinese steel mills. Here is some new information about the Chinese steel mills:
Things are more complicated in China than some traders make them out to be, such as “Search down and punish mills” on the report as well as Government’s success on reduction of capacity which is a Grey area. People need to look deeper to understand vs just making statements.
