RSS SubscribeChina’s Steel Output Lifts Iron Ore Even as Low Season Begins
From Yahoo Finance
Average crude steel output in the first 20 days of November reached the highest for the time of year since 2020, according to data from the China Iron and Steel Association. That’s lifted iron ore futures by 2.5% this week, as mills procure more of the feedstock despite the persistent drag on demand from the country’s yearslong property crisis.
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