13
Oct
14:13
ICRA sees no iron ore recovery in near term
Credit rating agency ICRA foresees no iron ore price recovery in the near term on account of the Chinese steel production slowdown and prospective iron ore capacity additions.
China’s apparent steel consumption contracted -4.7% on-year in the first half of 2015 due to a slump in its real estate market and slowing investments in infrastructure. While crude steel production in China also fell -1.8% in January-July, a “significant” overcapacity si…
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Anonymous
Very good overview of the weekly steel market.
Anonymous