China's steel & iron ore recovery to be slow with no stimulus …
From the supply side, China's iron ore imports in January-February climbed 8.1% from the previous year to reach 209.45 million mt, customs data showed. Steel mills booked ample cargoes in late-2023 when iron ore prices surged on fears of high prices, as well as to build up stock ahead of Lunar New Year holidays to meet anticipated demand.
