Recently, the Australian market representative stated that the demand for iron ore will increase in 2024, thus supporting China's real estate and construction sector.
According to many market analysts, 2023 will be a good year for steel producers. Knowing that the economy will be positive in terms of steel, traders continue to invest.
Research shows that the recovery in the real estate market may also affect the automotive and transportation sectors.
Estimating that automobile sales will reach up to 28 million units per year, the China Automobile Dealers Association states that global steel consumption may reach 1.814 billion tons in 2023.
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