Getting U Ready, as Gold Gleams

• Talk of a 5-10% output cut in Tangshan to be maintained through year end causing steel prices in China to stabilize
• Accumulated losses in China's steel industry at $400 million over the first seven months of the year, leading to concerns about forced consolidation
• Improvement in sentiment due to positive demand side news in the metals industry, including local governments using special purpose bonds to buy properties and a rare target set for housing completions in the second half of the year

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.