No problem guys. The olympic games has pretty much shut down most of the steel factories for three months now. They require 40 million tonnes per month for steel production and prefer to have 40 mill in their stockpiles. Its only a matter of weeks and this present situation will not exist and it will be business as normal. Spot prices will turn around very quickly! I'm sure the Chinese are very happy with the present situation and will use the media for their spot price advantage.
This is my opinion only.
No problem guys. The olympic games has pretty much shut down...
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