Years after oversupply and consumer uncertainty killed China’s property boom, Beijing is re-evaluating the steel industry that supplied it. Australia’s iron ore exporters are in the firing line.
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On the outskirts of Beijing, half-finished apartment towers stand like rusty skeletons against the skyline. Once bustling construction sites now lie silent, cranes frozen in place.
Abandoned projects like those in the capital, and dotted around the country, have become potent symbols of China’s economic slowdown – and harbingers of tougher times ahead for Australia’s iron ore giants.
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Original URL: https://www.afr.com/world/asia/is-china-serious-about-tackling-the-steel-glut-20250309-p5li3k
