Iron Ore Market Report May 2015

Steel mills’ operating ratio increased slightly this month and iron ore demands went up accordingly.Asian Metal Copyright Under the dim steel market, iron ore prices kept fluctuating in the second half of the month.Asian Metal Copyright Better demands and lower port inventory led to higher iron ore prices.Asian Metal Copyright However, prices did not go up much.Asian Metal Copyright However, prices did not go up much.Asian Metal Copyright Chinese-origin iron ore prices were stable in general and some regions witnessed a RMB10-20t increase under the influence of bullish imported iron ore market.Asian Metal Copyright Under the dim steel market, iron ore prices kept fluctuating in the second half of the month. Chinese-origin iron ore prices were stable in general and some regions witnessed a RMB10-20/t increase under the influence of bullish imported iron ore market.Asian Metal Copyright However, prices did not go up much.Asian Metal Copyright Iron ore stocks at ports do not drop in high speed now and the steel market is still weak.Asian Metal Copyright Considering these, iron ore prices are expected to go up in the first half of June and then to drop in the second half.Asian Metal Copyright Considering these, iron ore prices are expected to go up in the first half of June and then to drop in the second half.
.Asian Metal CopyrightSteel mills’ operating ratio increased slightly this month and iron ore demands went up accordinglyAsian Metal Copyright