International Long Product Market Analysis

摘要

There have been some positive signs in the Chinese market this week,with domestic long product benchmarks experiencing small gains, asmaintenance closures at mills have helped ease perceptions of oversupply,shifting some negotiating power back to suppliers. At the same time thegovernment seems poised to expand monetary stimulus for the Chineseeconomy amid increasingly bearish signs emanating from lacklustre PMIfigures and decreasing currency competitiveness, coupled with aggressivepolicy easing in other parts of the world.