| 08.12.2008 - China's steel prices may have bottomed, producer says |
| From Watoday.com.au: Nanjing Iron & Steel United Co., the Chinese steelmaker part-owned by billionaire Guo Guangchang, said steel prices in the world's biggest user of the alloy have bottomed and output may recover on the state's stimulus package. Lower raw-material prices will allow producers to raise output, Chairman Yang Siming said today in an interview in Shanghai, where he's attending an industry conference..... Full Article: Source |