2022 has been a roller coaster ride for iron ore prices, which dipped yet again on Monday. Of course, demand from Chinese steel remains the top reason for either a rise or downturn in prices. This week, as it turns out, was no different. In fact, prices tumbled immediately after analysts explained their “bleak outlook” for demand, citing that Chinese steel mills are reeling from losses and cutting production.
Chinese President Xi Still Eager to Keep the Rebound on Track The news was so impactful that predictions of iron ore dropping…Iron Prices Dip As Demand From China Slows
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