By Pratima Desai
By Pratima Desai
LONDON, Feb 14 (Reuters) – The London Steel Trade has cancelled its annual LME Asia Week dinner in Hong Kong, a serious occasion for the steel trade, and postponed the seminar that might have taken place on the identical day, the change stated in a discover on Friday.
The annual jamboree of the steel trade referred to as LME Asia Week was attributable to happen on Could 6.
The LME is owned by Hong Kong Exchanges and Clearing (HKEX) 0388.HK, which paid $2.2 billion for the world’s largest steel buying and selling venue in 2012.
China has stated the dying toll from the virus outbreak has reached 1,380.
LME stated it cancelled the dinner and postponed the seminar as a result of outbreak and “for the protection of employees, prospects and associates within the metals trade throughout the area.”
Steel trade sources, who estimated about 2,000 individuals attended the dinner final yr, stated it was cancelled as a result of…