Last week on October 21, the Chinese currency climbed to a more-than-two-year high against the greenback, reaching Yuan 6.65=$1 before declining slightly to Yuan 6.69=$1 by last Friday. Chinese steel mills hoping to ship steel abroad had been raising their US-based offer prices in sync with the exchange rate movement,
............
To read the full article take a free 7-day trial to Mysteel Global
FREE TRIALAlready registered?Log in
- +65 6653 8227 globalsales@mysteel.com