Sunday, 29 May 2016

Once Bullish, Miners Turn Bearish on Metals Prices

Metals Sector wrestles with overcapacity that built up during the decade-long commodity boom

Lakshmi Mittal, chief executive of the world’s largest steelmaker, ArcelorMittal , said that China has yet to fulfill a promise to shut down more than a hundred million tons of excess steel-production capacity. Instead, the world’s No. 2 economy continues to export large quantities of steel.....

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