Concerns about Evergrande and its peers have combined with worries over a slowdown in steel production in China that some analysts think could last until early next year
SYDNEY—The crisis engulfing property developer China Evergrande Group is causing iron-ore prices to buckle, as investors worry that pressure on China’s huge property market will translate into lower appetite for steel.
Evergrande’s difficulties are the most visible sign of the worsening climate for Chinese real-estate companies, and economic data point to a broader malaise in the sector, with
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