China’s steel, iron ore recovery to be slow with no stimulus coming out of Two Sessions
March 13, 2024 Comments Off
China’s steel and iron ore demand recovery would be slower than anticipated as market confidence has been dampened by no stimulus measures for downstream property, infrastructure and manufacturing sectors in the just-concluded Two Sessions government meeting March 5-11. The imbalance in supply-demand fundamentals was the key reason for iron ore prices to plunge. Market sources expect no further positive changes…
China’s steel, iron ore recovery to be slow with no stimulus coming out of Two Sessions
China’s steel and iron ore demand recovery would be slower than anticipated as market confidence has been dampened by no stimulus measures for downstream property, infrastructure and manufacturing sectors in the just-concluded Two Sessions government meeting March 5-11. The imbalance in supply-demand fundamentals was the key reason for iron ore prices to plunge. Market sources expect no further positive changes…
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