21
Oct
12:15
Seaborne ore trade seen rebounding after fourth-quarter slowdown
Seaborne iron ore trade will fall in the fourth quarter amid seasonally weaker Chinese imports, but should increase in 2021 as rest-of-the-world (ROW) demand recovers, according to Bloomberg Intelligence.
China's steel demand is on track to expand by 3.5-4.5% in 2020, despite a modest slowdown in Q4. The main driver continues to be infrastructure spending as the government extends countercyclical support, with the recovery case pointing to a 7% increase, simil…
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Anonymous
Very good overview of the weekly steel market.
Anonymous