A survey of Chinese steel operators predicts the strength of the iron ore market will sustain through 2020, delivering unanticipated bounty to the government's withered surplus.
There are 25 Chinese steelmakers and commodity traders whose views on the short-term outlook for iron ore demand signal that federal Treasury will be rewarded for continued prudence in forecasting the price of Australia’s richest export income earner.
According to an annual survey of a targeted cross-section of China’s steel industry and those who service it, by S&P Global Platts, 2020 will prove another strong year for iron ore demand and prices.
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Matthew Stevens writes on business, specialising in mining, energy and opinion. Matthew is a senior business writer and columnist. Email Matthew at matthew.stevens@afr.com.au
