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What Do China’s Steel Demand Indicators Signal for Iron Ore Prices?

What Do China’s Steel Demand Indicators Signal for Iron Ore Prices?

The Chinese government’s efforts to rein in real estate speculation seem to be paying off. According to the latest data, housing prices in December 2017 dropped on a yearly basis in nine of the 15 major cities in China. Banks in China have started raising costs for home loans and are restricting the credit supply.