| Chinese iron ore production forecasted to decline by 10%. China's metal imports will decelerate over the years due to weakened demand from the country's slowing economy, says BMI Research. In H116 imports were strong as government stimulus in the housing sector boosted demand for metals used in construction.
The housing stimulus measures were a combination of easing credit conditions, lower down payments and tax cuts. As a result, positive sentiment surrounding the property market and China's economy, and improving domestic housing data led to increased steel demand, which translated into a sharp rally in steel prices..............................................Full Article: Source
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