It’s been a tough couple of weeks for financial markets. It started with the Chinese government’s lowered 5% growth target and renewed concerns of a property market crisis
By comparison, while iron ore futures DCIOcv1 have fallen 17% since May 12, they are still up 1.6% for the month. Gross profit margin for steel rebar in east China, which broke above 1,000 yuan ($157) per tonne in April, was just 40 yuan a tonne last week, according to CITIC Securities. Zhuo Guiqiu, an .