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Chinese iron ore market facing near-term oversupply

CHINA'S domestic iron ore market could tilt towards oversupply in the run-up to autumn, with new pig iron and steel production capacity backloaded towards the end of this year.

Shi Weijun
Chinese iron ore market facing near-term oversupply

Some 83% of this year's new capacity for pig iron will be launched in H2, according to a recent analysis by Shanghai-based steel and iron ore consultancy SMM. This new capacity - a total of 38 new blast...

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