In the short term the economic reform package set out at the end of a meeting of top Chinese government officials, known as the Third Plenum, should have little impact on the prices of steel or industrial metals in general. However, over the next few years a renewed effort to reduce spare capacity in the steel industry, along with higher demand, should put some upward pressure on prices.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.