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China steel estimates jar with iron ore's search for support
Source:Xin Steel Industry   Date:2017/04/24

China's record first-quarter 2017 steel production and slowing steel exports, leading to strong implied domestic demand growth, may be unlikely to continue at the same pace.


A softer outlook for the remainder of 2017 contributed to iron ore prices falling by around a third since early March.


However, a recovery later this week in iron ore prices may run counter to the lowest expectations for Chinese steel sector performance, with analysts and industry split on eventual steel and implied iron ore demand growth in China.


The World Steel Association said Friday it expects Chinese steel demand growth to run flat this year and fall 2% in 2018 as a slowdown gathers pace.

 

 

 

 

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