Iron ore price below US$100 on China steel curbs
The iron ore price fell below US$100 a tonne for the first time in over five weeks on signs that the crisis in China’s steel industry are worse. 62% Fe fines imported into Northern China were changing hands for US$98.63 a tonne now down 3%. The most-traded iron ore contract on China’s Dalian Commodity Exchange […]
As China’s property crisis grows, is the global economy at risk?
China’s property market is in the midst of a slow-moving crisis. Real estate prices have plummeted as authorities seek to rein in unsustainable debt and market speculation. Hundreds of thousands of homebuyers are refusing to pay their mortgages for pre-sold properties as developers struggle to complete housing projects on time. With property accounting for 15-30 […]