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Blog

Podcast: Booming Chinese Steel Production

Michael Knox

The past 15 months have seen the biggest rise in Chinese steel production since 2009. This lifts demand for Australian metallurgical coal and iron ore.

​I discussed this in my latest presentation to the network.

"China is overwhelmingly the biggest steel-producing country in the world. It alone produces more than half of all of the steel that is produced in the world. It's monthly production is bigger than the annual production of most European countries.

"When we understand that, what we begin to understand is that what is happening in China is essential to determining the price, not just of iron ore but of metallurgical coal."

Listen to the podcast:

More information

View more of my analysis by clicking on 'economic strategy' in the popular topics list to the right of this page, or listen to my full playlist of podcasts on SoundCloud. Alternatively, contact your Morgans adviser or nearest Morgans branch.

Disclaimer: The information contained in this report is provided to you by Morgans Financial Limited as general advice only, and is made without consideration of an individual's relevant personal circumstances. Morgans Financial Limited ABN 49 010 669 726, its related bodies corporate, directors and officers, employees, authorised representatives and agents ("Morgans") do not accept any liability for any loss or damage arising from or in connection with any action taken or not taken on the basis of information contained in this report, or for any errors or omissions contained within. It is recommended that any persons who wish to act upon this report consult with their Morgans investment adviser before doing so.