Concerns about weak demand have led traders in Shanghai to be cautious about restocking steel ahead of the lunar new year holiday . $1 = 6.7667 Ordinarily, stocks would be replenished in order to start selling after the break. a single month ’s restocking was followed by slower-than-expected demand, causing steel prices to fall 0.3 percent in Last year . Despite initiatives introduced by the government to boost the manufacturing industry, steel traders are reluctant to risk losing money again, while investors remain wary about the Chinese economy.
Concerns about weak demand have led traders in Shanghai to be cautious about restocking steel ahead of the lunar new year holiday . Ordinarily, stocks would be replenished in order to start selling after the break. a single month ’s restocking was followed by slower-than-expected demand, causing steel prices to fall 0.3 percent in Last year . Despite initiatives introduced by the government to boost the manufacturing industry, steel traders are reluctant to risk losing money again, while investors remain wary about the Chinese economy.