China’s Iron Ore, Coal, Steel Prices Reveal Slow Growth

Base Metals Investing

Reuters reported China’s industry shows the decline in iron ore, coal and steel is revealing the economy is slow to upturn.

As quoted in the market news:

For markets reeling from the euro zone crisis, sluggish economic prospects in the United States and worries over China’s growth, trends in dry bulk commodities trade look ominous.
Iron ore and steel are leading indicators as they detail the expected pattern of industrial demand in vital sectors such as construction and carmaking, while coal highlights power usage, especially in factories.