7 key reasons for BHP's cooling steel outlook

Amid inflation and a global economic slowdown, BHP's outlook for the steel industry in China, the world's largest steel producer, has become less optimistic, especially after a lackluster performance in fiscal year 2023, which saw a combination of pronounced weakness in housing starts, strength in infrastructure and mixed outcomes for the machinery sector, among others.

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Published

Jessica Zong

Zihuan Pan

Nabilah Awang

February 26, 2024

06:45 GMT

Singapore, Shanghai