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Chinese iron ore futures rose for the fourth straight session on Wednesday, as investor sentiment shored up after the state council rolled out package to rescue the economy, though the jump could be restrained by steel output controls. China’s cabinet on Tuesday announced 33 measures including fiscal, financial and investment policies to revive its virus-hit . ....
Chinese steel producer Anyang Iron & Steel Group has scrapped a plan to sell an 80% stake through a public listing, its listed arm said in a statement late on Wednesday.. | June 2, 2022 ....
China’s army of metal processors and traders has flipped from buyers to sellers amid a sharp downshift in economic activity in the world’s top manufacturer, heralding a potential warning sign for steel, aluminium and other key industrial commodities. Chinese buyers drove the global surge in metals prices from mid-2020 through end-2021 as they scoured the . ....