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CSI: China will swim through its wet summer

CSI: China will swim through its wet summer (July 6, 2020)

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China’s steel demand is now coming off record highs. A gentle decline is more likely than a price crash in the near term however. Chinese output is already adjusting away from pressured long products.

China meanwhile is also moving towards some longer-term goals. The vast Simandou iron ore deposit in Guinea has been a target for years but China now has a new lead actor to try to overcome the impasse.

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