PUBLISHED ON: November 11, 2008 | Duration: 2 min, 14 sec
The half a trillion-dollar Chinese stimulus package announced on Monday did cheer the metal market, but only for a day. On Tuesday "metal meltdown" continued incessantly in the trading session. Not surprisingly, steel companies are now looking for some respite from the government. Now, the government has a difficult choice to make, either to steel prices or control inflation.