Iron Market Report November 2015
2015-12-11 15:39:24 【Print】
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Iron market stayed very sluggish in November though more iron producers cut operation due to continual weak demand and negative profits
. Depressed by the oversupply and increasing inventory, iron producers were forced to lower their sales prices further to compete for orders . The decreasing iron ore prices also pulled down iron prices with cost dropping . As the year comes to an end, iron producers face tightening cash turnover and iron prices are expected to decline continuously in the coming months.