Goldman Sachs believe the Chinese steel sector is likely to improve as the excess in steel supply gradually eases.
Local governments are strengthening checks and imposing punishments on environmental issues, which is helping to curb output in the second half of the year.
Goldman Sachs said ‘The relatively low steel production is likely to hamper prices of coking coal which would in turn benefit the steelmakers.
Source: China Metals e-mail chinametal@xinhua.org
