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China's iron ore market facing near-term oversupply

China’s domestic iron ore market could tilt towards oversupply in the run-up to autumn, with new pig iron and steel production capacity backloaded towards the end of this year.

China's iron ore market facing near-term oversupply China's iron ore market facing near-term oversupply China's iron ore market facing near-term oversupply China's iron ore market facing near-term oversupply China's iron ore market facing near-term oversupply

Scrap steel as a long-term alternative to iron ore is gaining traction in China’s steel sector

Some 83% of this year's new capacity for pig iron will be launched in H2, according to a recent analysis by Shanghai-based steel and iron ore consultancy SMM.