China's bond crisis to weigh on H2 long steel demand

China’s domestic demand for long steel in the second half of this year is forecast to be encumbered by an ongoing local bonds crisis with multiple provinces unable to repay bonds, multiple sources told Fastmarkets on Thursday June 8.

Kunming, the capital city of China’s southwestern province of Yunnan, has reportedly defaulted on a bond, though the rumor was refuted by Kunming's municipal division of the State-owned Assets Supervision...