Iron ore prices are further dropping sending ripples across the Chinese steel economy. Historically, the second quarter is a peak production period for Chinese steel but the sector is seeing a slow-down in 2024 due to a sluggish real estate growth. The housing market represents a third of steel demand in China. Iron ore is thus suffering from oversupply and low demand. Now iron ore prices are down over a tenth since mid-February and by nearly a fifth this year. Inventories at major Chinese steel mills increased by over 25% over the past couple of weeks. Entity 28-Feb 06-Mar Unit % 2024 Forecast Forecast Green H2 Germany 7.777 6.847 €/kg -11.95% €4.06/kg Link Green H2 California 4.290…