Steel industry left dismayed as Chinese Premier warns of worsening economy but offers no further financial support

Steel industry market participants were left dismayed after Chinese Premier Li Keqiang called on local governments across China to implement policies to stabilize and support market growth, but offered no new fiscal support for the industrial sector.

In a a teleconference with representatives from regional governments and state-owned companies on Wednesday May 25,  Li warned that poor employment rates and a downturn in industrial production signaled worsening economic...


Norman Fong

May 26, 2022

09:32 GMT