China Credit Stimulus Pushing Steel Demand Until 1st Half 2017

China has been an economy that has faced significant headwinds, with multiple predictions of doom and gloom failing to materialize. The notion that China was causation for commodity deflation was a popular meme, but steel consumption is picking up. A Goldman Sachs report looks at steel demand and tracks how government credit stimulus efforts impact steel demand. The report tracks stimulus and its impact based on how it is injected into the economy. Credit Stimulus – Steel demand expected to remain strong, with stimulative impact depending on delivery mechanism Steel demand out of China should remain strong until at least…