CSI: Autumn Hope Fades

CSI: Autumn Hope Fades (Sept. 7, 2022)

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China has had a difficult summer, but for much of this period steel markets held out some hope of a better autumn. After all, stimulus funds were being made available and the government was saying there should be no panic. As August stumbled from crisis to crisis however, hopes for an autumn rebound faded.

Almost CNY 10 trillion ($1.45 trillion) in stimulus seems to be just not enough. So how much of a seasonal rebound can there be, and will it be enough to save steelmakers’ margins?

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CSI: Autumn Hope Fades (Sept. 7, 2022)

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