An­a­lysts Warn of China’s Steel Mar­ket Boom

The Economic Times - - Commodities Plus -

Warn­ings are stack­ing up fast af­ter China’s eye­pop­ping steel rally. Fitch Rat­ings said prices lifted in part by height­ened spec­u­la­tion are des­tined to slump, while a bank in Sin­ga­pore flagged the risk of a boom-bust cy­cle rem­i­nis­cent of equity mar­ket. The rapid ad­vance isn’t sus­tain­able, Fitch said.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.