Iron Market Report June 2015
2015-07-31 22:19:38 【Print】
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Iron market continued the downward movement in June generally due to weakening demand from downstream casting industries. Supported by the firm iron ore cost and decreasing output, iron price managed to stay stable in the first two weeks of the month; but with inventory level going up, those iron producers still in operation suffered increasing sales pressure and started underselling by the end of the month when iron production also improved a bit. With more downstream casting plants halting production due to the rising temperature in summer, iron demand would keep declining in July when iron price is very likely to decrease further.
