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Construction|Infrastructure|Iron Ore|Steel|Infrastructure
Construction|Infrastructure|Iron Ore|Steel|Infrastructure
construction|infrastructure|iron-ore|steel|infrastructure

DISAPPOINTING DEMAND



DISAPPOINTING DEMAND: The iron-ore price has come under pressure in recent weeks after disappointing demand in China left the market with high inventory levels. Bloomberg reports that Chinese construction activity remains lackluster, squeezing a vital source of steel demand, while Beijing has also refrained from deploying the type of massive infrastructure stimulus that it has used in the past. Photograph: Bloomberg

Photo by Bloomberg

22nd March 2024

     

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The iron-ore price has come under pressure in recent weeks after disappointing demand in China left the market with high inventory levels. Bloomberg reports that Chinese construction activity remains lackluster, squeezing a vital source of steel demand, while Beijing has also refrained from deploying the type of massive infrastructure stimulus that it has used in the past. Photograph: Bloomberg

Edited by Creamer Media Reporter

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