Iron Ore Slides Ahead of Key China Data as Outbreaks Continue
- Local governments to speed up stimulus policy: Global Times
- Morgan Stanley expects robust recovery for China steel output
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Iron ore in Singapore slipped lower ahead of Wednesday’s economic data from China, as outbreaks in some of the nation’s key cities remain a drag on demand.
The steelmaking ingredient is heading for a fourth straight decline, reversing gains made earlier this month when it posted its longest stretch of consecutive positive days this year.