Iron Market Report May 2017
2017-06-13 18:50:56 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
Please contact us for a subscription.
Please contact us for a subscription.
Pig iron market continued the low performance in May in China where iron prices were still under pressure of sliding further despite of the declining supply. The environmental inspection in many provinces forced many iron producers as well as casting plants to halt production. The increasing consumption of steel scrap whose prices remained much lower than that of pig iron kept pressing iron prices to retreat further. Many market participants are very pessimistic about iron market in the second quarter and expect iron prices to keep dropping in the coming June and July when iron supply is expected to improve much while demand will keep sluggish.
