CRU: Evergrande Default Risk Will Have Limited Impact on Steel Demand
By CRU Analysts Zhenzhen Jiang and Kevin Bai, from CRU’s Steelmaking Raw Materials Monitor Evergrande, the second-largest property developer in China, has grown to be the most indebted, accumulating more than RMB1.97 tn in liabilities since China rolled out the “three red lines” policies. Market investors are concerned that Evergrande will collapse and default on […]