Sentiment towards Chinese steel demand has taken a big hit, but not everyone is concerned

REUTERS/Stringer Prices for steel, iron ore and coking coal have tumbled since the start of March. While some blame the introduction of tariffs on US steel imports, Macquarie Bank thinks it’s been driven by concern about the outlook for Chinese steel demand. It expects recent trends to reverse in the weeks ahead as Chinese construction activity ramps up. Sentiment towards Chinese steel demand has taken a big hit since the start of March, leading to large and steep declines in commodities such ...