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	Podcast:		Eurodollar University
	Episode:		What Steel Prices CRASHING Means for the Global Economy
	Category:		Business
	Duration:		00:16:37
	Publish Date:		2024-08-16 11:00:00
	Description:		Steel prices are plunging, down a quarter since May at lows not seen since 2016. The chairman of the world's largest producer just said he expects it to get much worse in terms of prices and for industry. The implications are far broader than steel or China. Eurodollar University's Money & Macro Analysis Bloomberg World’s Biggest Steel Producer Warns of ‘Severe’ Industry Crisis https://www.bloomberg.com/news/articles/2024-08-14/china-steel-industry-in-crisis-as-baowu-warns-of-severe-winter Bloomberg ArcelorMittal Cries Foul on Steel Exports From China https://www.bloomberg.com/news/articles/2024-08-01/arcelormittal-cries-foul-on-china-steel-exports-as-profit-falls Bloomberg Iron Ore Takes Fresh Hit as Concerns Over Global Glut Exact Toll https://www.bloomberg.com/news/articles/2024-08-12/iron-ore-in-retreat-as-concerns-over-global-surplus-take-toll S&P Global China's steel output remains strong; downstream outlook still dim https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/metals/071524-chinas-steel-output-remains-strong-downstream-outlook-still-dim https://www.eurodollar.university Twitter: https://twitter.com/JeffSnider_EDU
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