price reductions in sept iş due to excess capacities and reducing demand especially in construction /housing segment in china . i believe government will not allow too much reduction in demand and they will increase infrastructural investment to increase the general demand in market.
"Chinese banks and companies looking to seize steel pledged as collateral by firms that have defaulted on loans are making an uncomfortable discovery: the metal was never in the warehouses in the first place."
Ghost towns, and now ghost steel stocks.. Is China a balloon dragon?
GM of Arena Metal Steel Trading Company shares his ideas about the next quarter of 2012
interesting info. but i feel the interpretation demands too much on chinese overcapacity assumption. i think this is important but will not be effective so short term likey q4/2012. i think chinese overcapacity will be overcomed by chinese government subsidities in short term but negative effects will be seen im coming 1-2 year time....