Pimco is expecting steel demand decrease in China

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Source: Bloomberg
The Pacific Investment Management Co., announced its gloomy forecasts on the future demand for Chinese steel, since the real-estate market is slowing, thus affecting on the iron ore prices. Meanwhile, China is producing around half of a global steel production and is the major consumer of iron ore, which plunged to its record lows, since 2008 during this week.
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Fri, 13 Mar 2015 14:41:03 GMT

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