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Steelmakers benefit from China curbs

Global steelmakers are set to benefit from continued rising steel prices in the near term as certain regions of China look to curb production further on environmental grounds, according to research from a US-based bank.

Steelmakers benefit from China curbs Steelmakers benefit from China curbs Steelmakers benefit from China curbs Steelmakers benefit from China curbs Steelmakers benefit from China curbs

Global steelmakers are benefitting from the rising prices

Jefferies noted that “unsustainably high” Chinese profit margins have been created by the country's aggressive supply-side reforms, which has seen ongoing falls in the volume of Chinese finished steel