Demand for iron ore remains high amid Chinese real estate sector
ANZ Senior Commodity Strategist Daniel Hynes discusses Chinese iron ore demand.
'We've seen the property sector there really weigh on steel demand for some time now,' Mr Hynes told Sky News Business Reporter Edward Boyd.
'The sheer size of steel that is consumed and thus iron ore in real estate creates some significant headwinds for the market.
'Amidst all that, the Chinese government is also trying to weed out some of the excess capacity in the steel industry.'
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