UTC+8 ( BJT)

BLOG: Stock or not? China mills weigh raw mats risks

ABSTRACT

Chinese New Year officially begins in just over a month on February 1, the time of the year when many Chinese seek psychic help to learn what the new year may hold. 'Suan ming' fortune-telling, the calculation of fate is a risky business at the best of times but just now, for the country's steelmakers, the uncertainties facing them would make even the most gifted oracle pack up his Qiqin sticks and take a holiday.
  For most steel-mill managements now, the questions are the same. Will the steel production curbs for winter that they've been enduring sporadically since November become more frequent - and tougher - in January-February? Will the central government announce new national crude steel-reduction targets (as Beijing did last January for 2021)?

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