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China's steel story: government slowing down demand |
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| May 14, 2009 11:20 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: U.S. Steel (X), Nucor Corp (NUE), BHP Billiton Ltd ADR (BHP) The whole world watches China when it comes to the natural resource play. Iron ore and steel companies have watched their share prices swing wildly based on news coming out of the Middle Kingdom in terms of what Chinese mills will be buying and how much they are willing to pay (particularly for the annual iron ore negotiations). Of late, the steel and iron sector has bounced nicely based on rising Chinese demand. Now noises coming out of China's government imply the steel bounce might have been inflated demand numbers. (via FT Alphaville).Continue reading China's steel story: government slowing down demand China's steel story: government slowing down demand originally appeared on BloggingStocks on Thu, 14 May 2009 18:20:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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