Heard on the Street: Quarantine measures and worries about contagion in central China could damp construction activity
Global stock markets and copper prices have already taken a hit as China struggles to control a new pneumonia-causing virus. Steel could be next.
The new coronavirus has killed more than 100 and infected thousands more. Unless the epidemic comes under control within the next month, quarantine measures and worries about contagion in central China seem likely to damp construction activity this spring. At the same time, steel output has been rising quickly and—so far—fewer people seem to be affected in China’s northern steelmaking...
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