steel demand falling in china

China is slowing the economy and steel demand is slowing.

The evidence is falling iron ore prices, falling steel company share prices that are listed on Hong Kong exchange and falling nickel price. The nickel price is a leading indicator for steel production.

Coking coal which is an ingredient to steel production is also falling in price and there are stock piles forming.



http://www.smh.com.au/business/coking-coal-piles-up-as-prices-simmer-down-20120304-1ub1n.html

http://www.ft.com/cms/s/0/a9af2c6a-bd25-11e0-9d5d-00144feabdc0.html#axzz1wq75nvmT