Japan's quake and current power crisis will hit the country's steel production, and in turn significantly boost export demand for China's long products, said a former official of the China Iron & Steel Association.
Luo Bingsheng, former vice chairman of the association, said in a conference speech on Thursday that falling steel production in Japan would also weigh on iron ore prices.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
