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Cliffs, China’s Iron Ore Demand, and Rising Steel Inventories

Cliffs, China’s Iron Ore Demand, and Rising Steel Inventories

Could Toned-Down Tariffs Help Cleveland Cliffs in 2018? Since China consumes more than 70% of seaborne-traded iron ore (COMT), it’s important to track its demand patterns to get a cue for prices. In this article, we’ll discuss iron ore imports and Chinese steel production to assess its future outlook.