Chinese See Softening in Iron Ore, Steel Prices

Base Metals Investing

SMH reported Chinese steel mills are under pressure, with steel prices falling and iron ore prices expected to follow.

SMH reported Chinese steel mills are under pressure, with steel prices falling and iron ore prices expected to follow.

As quoted in the market news,

Robust steel demand in China led Australia to post a record $5.9 billion in iron ore exports and the second highest trade surplus in July, according to figures that were released yesterday.

Click here to read the entire SMH report. 

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