China Steel_ Supply Side Reform 3.0_
China Securities·2024-10-31 02:40
Flash | 28 Oct 2024 00:36:46 ET │ 12 pages China Steel Supply Side Reform 3.0? CITI'S TAKE Per Cailian(25-Oct), China Iron and Steel Association (CISA) is discussing a basket proposal in terms of supply discipline in the steel space, including phasing-out inefficient capacity and encouraging M&A to consolidate the market and improve economies of scale. Although the market has rallied since, we don't see upside risk to fundamental improvement, as (1) it is not new news for the gov to promote consolidation in ...