Oz Blog News Commentary

Chinese steel demand to CRASH

November 24, 2022 - 12:00 -- Admin

Goldman with the note. Bullish price action right now is purely apparent demand. Underlying demand is forecast to fall 400mt peak-to-trough in the medium term. Don’t be fooled that today’s rally is anything other than tactical. While the cycle for China demand for commodities has been, and is likely to remain, weak in 2023E, there

The post Chinese steel demand to CRASH appeared first on MacroBusiness.