I saw a huge four-wheel drive ute the other week with a sticker about sustainability on the bumper.
Sustainability is all the go isn't it?
Fitch with their thoughts on the rapid increase in Chinese steel prices so far in 2016
The TL;DR version is 'not sustainable'
The slightly less TL;DR version:
- largely due to a seasonal pick-up in construction & elevated speculation in the steel futures market
- Expects supply of steel to increase as rising prices lead to capacity resumption, but without a sustainable rise in demand
- This will put significant pressure on steel prices in the near term.
More here at Fitch
