While there are uncertainties surrounding the strength of the demand and production of steel in China, Fortescue says there are so far no signs demand has crumbled.
In its forecast late last year,
A Fortescue spokesperson says that while there are uncertainties about China's steel production, the company believed Beijing's"increased infrastructure investment, ongoing government policy support and further relaxation of Covid-zero policies" will continue to drive steel demand and therefore, production.
"So we believe, and continue to believe, that as China comes out of lockdowns, as there is a bit more stimulus provided, and all the policy settings that we see in China currently are aligned with that. Including recent meetings and what's come out of those, that we will see a pick-up in the Chinese economy," he said.
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