Save China Billet Spot Price vs. M1 Money Supply
China's monetary policy lays impact on the steel industry. Expansionary monetary policy can help the industry recover after recessing. On the contrary, when the monetary policy tightens, or when the government imposes mortgage/loan control, recovery slows.
M1 supply YoY usually leads steel production and price by at least 2 quarters.
China Billet Spot Price (L)2021-06-244,820.00
China M1 Money Supply (YoY, R)2021-056.10 %