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Cargill to stop physical steel trading in China, client note says
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Cargill to stop physical steel trading in China, client note says
Jun 4, 2024 6:29 AM

BEIJING, June 4 (Reuters) - Global grains and metals

trader Cargill has decided to stop its physical steel trading

within China, according to two people familiar with the matter

and a client notice seen by Reuters.

In response to a query from Reuters, Cargill said: "We have

made the decision to optimise our model for onshore physical

steel trading so that we can bring the best of our capabilities

to serve customers in China and the world."

The company did not immediately provide further details.

(Reporting by Amy Lv in Beijing and Tony Munroe in Singapore

Editing by David Goodman

)

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