Is Chinese steel production already falling?

Thursday, 19 June 2014

I’ve noted many times the possibility that Chinese steel production may fall this year and that current output is up only marginally on last year. Find below an interesting video below from CNBC in which Tim Murray, Managing Partner at J Capital Research argues that Chinese steel production is already falling year and year and that the iron ore price is near the bottom for now:

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.