- Rising imports and a 25% surge in iron ore prices over just three weeks into top consumer China have been taken by many as a sure bet steel demand is strong.
- The post cites Chinese customs data from Dec. 7 that reported November iron ore imports of 104.96 million metric tons. That total is up 14.6% from October and marks the strongest month since July 2020.
- Construction is unlikely to be the force it was in the last decade as Beijing continues in its efforts to pivot the economy toward a more sustainable consumption model.
For further details see:
Iron Ore Prices Surging On Higher Imports