Скачать с ютуб How China's property market crisis is hitting iron ore prices and the Australian economy | ABC NEWS в хорошем качестве

How China's property market crisis is hitting iron ore prices and the Australian economy | ABC NEWS

China's economic slowdown is spreading far and wide, and hitting the price of Australia's most valuable commodity - iron ore, which has fallen by more than 10% in the past month. That is having significant implications for steelmakers. Australia's largest steelmaker, Bluescope Steel posted a 20% drop in full-year net profit to $806 million CEO Mark Vassella says conditions indicate Bluescope Steel and the wider steelmaker industry is at the bottom of the boom and bust cycle. #ABCBusiness Subscribe: http://ab.co/1svxLVE ABC News provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation. For more from ABC News, click here: https://ab.co/2kxYCZY Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2 Like ABC News on Facebook:   / abcnews.au   Follow ABC News on Instagram:   / abcnews_au   Follow ABC News on X (Twitter):   / abcnews   Note: In most cases, our captions are auto-generated. #ABCNews #ABCNewsAustralia