Chinese steel production was 4.9% higher in the first five months of 2014 than in the corresponding period of 2013, according to the World Steel Association

John Robertson

PortfolioDirect

Chinese steel production was 4.9% higher in the first five months of 2014 than in the corresponding period of 2013, according to the World Steel Association. Output is at record levels but growth has been decelerating even without the foreshadowed restructuring of the Chinese economy. Our scenario analysis admits a range of different outcomes but points to a strong likelihood that steel production will begin falling by 2019 as the investment contribution to Chinese economic growth diminishes and raw material usage becomes less wasteful.


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John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...

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