Iron Ore Market Report February 2015
2015-03-11 16:59:39 【Print】
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The iron ore market was comparatively stable this month
. Steel mills restocked slightly before the Spring Festival but prices did not head up with limited supply . Market participants delayed the date to return to the dim market . In term of Chinese-origin iron ore, most big mines were still operating regularly and many small mines did not operate in February as they stopped production at the end of January . Both big and small mines were suffering losses and were not that active in production . Turning to the imported iron ore, traders imported iron ore reluctantly with decreasing prices and steel plants purchased still according to demands . The total import volume dropped.