China steelmakers cut output but inventories rise ahead of holiday
China’s major steelmakers reduced crude steel and pig iron output in mid-September, but a weaker-than-expected seasonal demand recovery pushed finished steel inventories to their highest level in over a year, raising fresh concerns about further stock accumulation during the upcoming National Day holiday. Data released by China Iron and Steel Association late Sept. 24 showed ...
We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.
