Iron Ore Market Report April 2015
2015-05-15 13:49:36 【Print】
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Iron ore market witnessed the largest increase in the near three years
. In the first half of the month, both Chinese-origin and imported iron ore prices dropped . In the second half, some big iron ore mines in foreign countries stopped production and the operating ratio of steel mills went up slightly . As a result, imported iron ore prices began to head up . However, the bullish market did not push up Chinese-origin iron ore market and most regions still saw stable markets . Even in some places, steel mills continued to lower purchase prices . The sales performance of steel products was not that pleasant and this did not provide support to the iron ore market . Consequently, iron ore market is expected to be weak next month.