11
Aug
05:35
China property woes depress iron ore prices: ING
ING believes the outlook for iron ore remains bearish in the short term amid sluggish demand from China’s steel-intensive property sector.
Pledges from Beijing to support the economy have been underwhelming so far. Support for the real estate sector is not likely to translate into large-scale property development that would revitalise steel demand in the country and lift iron ore prices, ING says in a note seen by Kallanish.
“We believe [iron ore] pri…
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Anonymous
Very good overview of the weekly steel market.
Anonymous