China Q4 steel demand seen lower than Q3 on funding problems - Hebei Iron
DALIAN, China Sept 25 (Reuters) - China's steel demand in the fourth quarter will be lower than in July-September due to funding difficulties, said Zhang Hai, vice president of Hebei Iron and Steel Corp, the country's biggest producer of the alloy.
"Even if there is demand, buyers just don't have funds," Zhang told an industry conference.
Apparent crude steel consumption in China, the world's top consumer and producer, has dropped 0.3 percent to 500 million tonnes in the first eight months of the year, Wang Xiaoqi, vice chairman of the China Iron and Steel Association, said earlier.
(Reporting by David Stanway; Writing by Manolo Serapio Jr.; Editing by Himani Sarkar)
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