Pellet Price Tracking, page-8

MINING.COM October 8, 2021 |9:02 am

ANZ senior commodity strategist, Daniel Hynes, said
“With property developers struggling due to high debt levels, the spectre of strong demand for steel and iron ore remains low. But China’s steel output cuts spurred by the country’s decarbonisation policy remain the bigger worry.“

Commonwealth Bank of Australia senior mining analyst Vivek Dhar said
"We see China’s steel output remaining under pressure until the end of Q1 2022, as authorities are keen to show a green Winter Olympics in February.”

Head of APAC applied research at Qontigo, Olivier d’Assier, said
"Sentiment among Chinese investors has recently recovered to a neutral level, but the trend is decidedly downward and the upside is capped by recent domestic default stories.”