The impact of China's new "Two High" energy and emissions policy is likely to continue in the iron ore market into the first quarter of 2022, sources told Fastmarkets this week.
Sentiment for the coming six months has turned increasingly bearish since the guidelines, coupled with winter production restrictions, were announced in September.As a result, new construction projects in these provinces, which have high pollution levels or consume a lot of energy - including steel projects - have stopped applying for construction permits, while others already...