Iron Ore Has Further Downside, CBA Analyst Says

The video discusses the impact of the coronavirus on the commodities market, highlighting a significant downside across most commodities. It focuses on the iron ore market, noting that while steel demand in China has been affected, the main issue lies in the seaborne supply. The recovery from last year's disruptions is expected to increase supply, while demand growth is minimal, leading to a surplus. The forecast is based on pre-coronavirus estimates, and despite potential stimulus, a surplus is likely. The video concludes with an expectation of continued weakness in the iron ore market throughout 2020.

What percentage of global iron ore imports does China account for?

What is the forecast for steel demand growth in China based on the World Steel Association?