Good News For China’s Steel Sector

China’s steel sector will see an improved performance in the second half of 2014, as government stimulus measures and financial controls take effect, according to a key industry executive.

chinese flag

This is indicated in the recent price indexes -the China Iron Ore Price Index (CIOPI) climbed by 1.16 points or 0.36% week on week to 327.04 points as of August 4th, according to the latest statistics by the China Iron and Steel Association (CISA).

stockmarket 2

To find out more, please visit Shanghai Metal Corporation, a leading manufacturer in value added carbon steel and other metals products Find us at our websiteLinkedInTwitter, and Facebook.

Sources:  YiehSteel First

Siobhan R.// SMC Editor