Eurodollar University What Steel Prices CRASHING Means for the Global Economy
Aug 16, 2024
Steel prices are facing a dramatic drop, nearing levels not seen since 2016. Major producers expect conditions to worsen, signaling a looming crisis in the industry. This decline isn't just about steel; it's tied to China's economic struggles that ripple outwards, impacting other resource-dependent countries. Weak domestic demand in China exacerbates the situation, alongside ineffective stimulus measures and a struggling real estate market, hinting at broader economic challenges on the horizon.
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