Iron ore’s big China property problem isn’t going away

Iron ore’s recent mini-recovery cannot mask the fact that China’s push for a less property-intensive economy will keep demand subdued for years to come.

Pockets of strength in the Chinese steel market have boosted the raw material after a plunge below $US100 a tonne early last month. Surging steel exports, signs of life in factory activity, and hopes for more policy support from President Xi Jinping’s government have all helped.

Bloomberg