How Will China’s New $44 Billion Stimulus Impact Steel Prices? ...Middle East

OILPRICE - Economy
How Will China’s New $44 Billion Stimulus Impact Steel Prices?
source : OILPRICE ( Middle East ) () 27
A few days ago, China’s State Council announced more stimulus policies. The new measures included an additional 300 billion yuan ($44 billion) in quotas for infrastructure spending and investments by banks. This was in addition to the 300 billion yuan announced at June-end. However, the only real question regarding the stimuli is looking at everything happening with steel and iron ore prices: will it help? Most initial reports suggest that the move may give impetus to steel and iron ore off-take, both of which are in a months-long slump.…

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