Supply-Side Discipline Eased; Pricing & Profits to Suffer
INVESTMENT VIEW: Beijing will not renew significant cuts to steel production and coal usage this winter. Industry contacts forecast this will...
324 Views
China Steel Industry: Are Overcapacity Issues Resolved?
We remain selective in the Asian steel space, as overcapacity issues are here to stay.China's steel industry has long been affected by overcapacity...
353 Views
Policy Easing Pushes Out Our Correction Call, But Headwinds to Return into FY19
INVESTMENT VIEW:Despite having pushed out the timing on our call for a meaningful correction in steel prices, we remain Cautious on the outlook for...
442 Views
Energy Drives Commodity Price Gains in May
PRICE FORECAST CHANGES - RAISING COAL; CUTTING GOLD:We raise our annual average Coal (COAL COMDTY) price forecasts by 10% after strong price gains...
108 Views
Chinese Steel Traders Turn Bearish; Sell Angang PT HK$6.50
INVESTMENT VIEW:We would sell Angang Steel Co Ltd (H) (347 HK) shares, price target HK$6.50, in expectation of a weaker steel price this...
138 Views