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Falling Chinese Steel Prices Concern U.S. Steel Corporation

Mark O'Hara
Falling Chinese Steel Prices Concern U.S. Steel Corporation

Is the Market Getting Pessimistic about US Steel Stocks? There has also been downward pressure on seaborne iron ore and coking coal prices. Since China is the largest consumer of seaborne iron ore (CLF), the country’s steel demand tends to be a key price driver. In this part, we’ll see what’s driving the recent sell-off in Chinese steel prices.