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Yuanta sees bullish year for steel By Chen Cheng-hui / Staff reporter China’s move to tighten control of crude steel production, coupled with continued strong demand from downstream industries, is expected to have a positive effect on major players in the local steel industry this year, Yuanta Securities Investment Consulting Co (元大投顧) said. Steel prices are also expected to remain robust on tight supply, despite a likely decline in iron ore prices in the second half of this year after the easing of a shortage in key raw materials for making steel, Yuanta analysts led by Leo Lee (李侃奇) said in a report on Wednesday last week. ....