China’s Oil and Steel Industries Are in the Red. What Now?

China has seen very mixed fortunes from its commodities markets, which have been languishing under a long-running crisis in the property sector, according to The Global Treasurer. And while iron ore, the key raw material used to make steel, has been defying expectations of a slowdown, it’s not that simple. In the first half of this year, Iron ore imports rose a robust 6.8% compared to the same period in 2023, reaching 611.18 million metric tons, up 35.05 million from the first half last year. However, all that iron ore has not been going…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com