‘Worst Is Over’ for China Steel as Supply Constrained
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China’s steel industry will improve as supply is constrained by fewer capacity additions, closing of polluting plants and a strong export outlook, according to Argonaut Securities (Asia) Ltd.
The world’s largest steel producer will also see demand accelerate in the longer term on the back of the country’s fiscal stimulus and monetary easing, Helen Lau, a Hong Kong-based analyst, said in a report e-mailed Tuesday.