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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI BRIEF: China Steel Demand Low In Q1
China demand for steel has made a slow start to the year as the real estate market continues to decline and the intensity of infrastructure construction slows down, the China Iron and Steel Association said Thursday.
The association said iron and steel producers must be produce in a self-disciplined manner that balances supply and demand. Mills should “oppose low-price dumping and resist engaging in vicious competition” the notice added. Going forward, noting that China still had huge demand for steel, but the industry needs to urgently adapt to market fundamentals.
China will continue to ease homebuying restrictions and increase financing support for developers, but authorities must accelerate and intensify policies and implement unconventional measures to help the market bottom as quickly as possible to hasten the recovery, advisors told MNI. (See: MNI: China To Continue Housing Relaxation As Developers Suffer)
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.