It's too early to say that China's steel industry is going to suffer overall economic losses. |
Market inspection is allowed by all countries. It doesn't violate the WTO. |
That's nonsense. The association never sets prices - the big mills do based on costs and supply and demand. It's already market oriented. |
The futures would be risky at this time as the domestic economic and judicial environment is not mature. |
There is no space for steel prices to drop further. |
Unlike other contracts, steel products vary greatly in category, quality and origin. No other country except India operates such contracts, and we don't know whether it works well. |