Iron Ore Market Report November 2015
2015-12-11 18:05:58 【Print】
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Iron ore kept worsening in the month with no improvement from the demand side while supply kept increasing due to larger output of major international mines
. Though the low prices depressed many Chinese iron ore mines to shut down the production . The low performance of downstream steel mills pressed iron ore prices to decrease further . Most insiders are very pessimistic about the market in the rest of the year and in the first several months of 2016.