Quote on China Steel : China, as the biggest producer exporter and consumer of steel Says Dr. V K Vijayakumar, Geojit Financial Services
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Quote on China Steel, Iron ore prices dip on global macro headwinds By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services,
"China, as the biggest producer, exporter and consumer of steel, has an undue influence on steel prices. China's growth slowdown is serious. The property market crisis will certainly impact steel demand. At the same time, China is forced to step up exports to stimulate the economy. This is likely to drag down steel prices, going forward."
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