Lucky country returns as coal booms
I noted yesterday that Chinese steel output is going bust. This has failed to put a dent in inventories. What it is doing, nonetheless, is rocketing the steel price. This does not make much sense. For instance, rebar has enormous idle capacity. Radiant is still in its death throes. Radiant World’s head of China iron The post Lucky country returns as coal booms appeared first on MacroBusiness .
We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.
