Prices Announcement for Domestic Sales in the Second Quarter of 2017 | CHINA STEEL

On February 24th, 2017, China Steel Corporation (CSC) held a domestic price meeting for the second quarter domestic sales and announced the following statement:
The US government carried out new policies like fiscal expansion and infrastructure reconstruction, expected to stimulate its domestic demand and to motivate its economic growth momentum. Euro zone quantitative easing monetary policy made its economic growth better than expected. Japan maintained its negative interest rate stimulus policy, which moderately recovered its economic confidence. China continued to expand private investment and fixed capital expenditure, keeping its economic growth steady. IMF (International Monetary Fund) forecasted that 2017 global economic growth rate would be 3.4%, 0.3% higher than the last year’s, and also adjusted that up for all the developed countries.