INT’L FERRO-ALLOYS CONF: China's steel supply reforms give rest of world 'breathing space', says metals strategist

China is unlikely to relent in its drive to reduce its steel output, which will result in protectionist as well as environmental benefits, according to Michael Widmer, director and metal strategist at Bank of America Merrill Lynch.

China is unlikely to relent on its drive to reduce and moderate its steel output, which brings protectionist as well as environmental benefits, according to Michael Widmer, director and metals strategist at Bank of America Merrill Lynch.
“Over the past few decades, China has always had good intentions at the beginning, but [has] then left off after a while and we see a rebound in production,” Widmer told delegates at Metal Bulletin's 33rd International Ferro-alloys conference in Lisbon this week.

“But China has actually over delivered [and] that, to us, is a relatively strong indication that...

Published

Charlotte Radford

November 22, 2017

10:18 GMT

Lisbon