Cargill Stops Trading Steel in China After Years of Slowdown
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Commodities giant Cargill Inc. has ceased its steel trading business in mainland China, after years of struggling with slower activity amid the country’s property-led downturn.
The company stopped steel trading this week, according to people familiar with the matter, who asked not to be named as the information is private. The move doesn’t affect Cargill’s steel business outside of China, or its iron ore desk, the people said.