As for the oversupply, the country may need another one to two years to soak up the huge capacity created by the heated investment over the past few years. |
If prices rise as a result of the iron ore negotiations, that may stop steel producer prices from dropping further due to higher costs. |
The good news is that the current energy prices are underestimated and utility charges such as water and electricity are sure to increase, led by pressure from climbing energy consumption. |