Iron Ore at Risk as China Veteran Warns Steel Output to Drop

  • CISA’s Li Xinchuang says steel output will contract this year
  • ‘There’ll definitely be less demand for iron ore,’ Li predicts

Steel production in China, the world’s biggest supplier, will probably contract this year and shrink further in 2017 as local demand slows, hurting the outlook for iron ore, according to Li Xinchuang, a vice chairman at the China Iron & Steel Association.

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