【SMM Steel Market Early News: US August CPI Year-on-Year Increase 3.7%, Month-on-Month Increase 0.6%】Data from the central bank's Shanghai headquarters showed that at the end of August, the balance of RMB and foreign currency loans in Shanghai was 10.93 trillion yuan, an increase of 7.4% year-on-year, 0.2 percentage points lower than at the end of last month. The balance of RMB loans was 10.31 trillion yuan, an increase of 8.9% year-on-year, 0.2 percentage points lower than at the end of last month; the balance of foreign currency loans was 858 billion US dollars, a decrease of 16.9% year-on-year, 0.7 percentage points higher than at the end of last month.
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