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DEMAND

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Demand growth in the short to medium term will be supported primarily by increasing steel production in India and Vietnam. This will be partially offset by slowing demand in China from steel production cuts and curbed construction activity with seasonal impact. As a result, global iron ore demand is forecast to fall by 1.7% in 2020 to 2,193Mt and then rise by 3% to 2,260 in 2021.
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