Chinese Steel Prices Recover from Losses to Edge up

China’s construction steel futures recovered from the steep declines seen across international commodity and equity markets to close higher on Thursday, as possible Chinese production curbs ahead of winter remained in focus. Asian share markets sank on Thursday after Wall Street suffered its worst drubbing in eight months. Shanghai benchmark construction steel futures initially fared
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Prices of steel and iron ore regained some lost ground in China on Thursday after the United States invited Chinese officials for talks, spurring hopes of a deal to end a trade dispute between the world’s two largest economies. Washington has sent an invitation to senior Chinese officials for talks in coming weeks, the White
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Goldman Sachs Group Inc. reported slightly higher risk-taking in commodities and signaled a recovery for the business that last year suffered its worst performance since the bank went public in 1999. Commodity performance increased significantly compared with the second quarter of 2017, Chief Financial Officer Marty Chavez told analysts on a conference call. Goldman’s commodities
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