me-metals: Iron ore futures prices fell on Thursday, reversing from earlier gains, with weakening downstream steel consumption dampening sentiment and investors hungry for clues on details about anticipated stimulus from top consumer China.
News ID: 11602 Publish Date : 2024/12/27
The Chinese government's 7 October move to add more stimulus to the economy, by freeing up banks' ability to lend more, could support the steel sector by pushing credit into the key real estate and manufacturing consuming sectors. Around 60pc of China's steel is consumed by construction projects, including real estate and infrastructure.
News ID: 2393 Publish Date : 2018/10/09
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