Deutsche Bank says its feedback from the 2014 Asia Steel Forum on China’s iron demand outlook was “pessimistic”.
“A weakening property market and restructuring of the economy are having the effect of significantly lowering steel demand,” the broker says. “A weakening property market could create structural headwinds for shippers of dry bulk.”
…The broker also saw potential for China to impose an import tax on iron ore.
It’s not news that sentiment is poor. The risk of the Chinese imposing an import tax on iron ore must surely keep the majors up at night.
Source: The Australian
- metaljunction »
- Metal News
Metal News & Events
METALJUNCTION PUBLICATIONS
Coal Insights (English) Monthly
![Steel Insights](/assets/images/news/coal-insights.jpg)
Coal Insights is a ready reckoner for anyone associated with coal. This publication is aimed at tracking everything related to coal in India.
India Coal Market Watch(English) Monthly
![Steel Insights](/assets/images/news/ICMW_Jan09.gif)
ICMW is a one-stop source for all news, data and research pertaining to coal demand, consumption, stocks, spot- and long-term prices with respect to the Indian Market.
India Steel Market Watch (English) Monthly
![Steel Insights](/assets/images/news/ISMW.gif)
ISMW is a brand new high-end steel market report, covering all aspects of the steel industry in India.
Steel Insights(English) Monthly
![Steel Insights](/assets/images/news/SteelInsights.jpg)
Steel Insights delves into various facets of the domestic and global steel industry such as market fundamentals, raw material price trends, price forecasts etc.