China’s energy moves to lift cement

China’s energy moves to lift cement
Published: 16 September 2010

Morgan Stanley says China’s recent move to cut power to meet emission targets reinforces house’s confidence that Beijing much more serious about restructuring energy-inefficient industries; power cuts expected to result in lower supply which will support prices of China steel, cement stocks. "We are becoming more confident that there is stronger political will to push ahead with the permanent closures announced by the MIIT." Adds if restructuring proves more successful, tips upside to China steel, cement sector stocks.