Monthly Iron Ore Market Report Oct 2017

Ironore market gradually retreated in October due to decreasing demand fromdownstream steel industry due to the environmental protection policy in NorthChina. Many steel mills in Hebei and nearby provinces started reducingoperation and demand of iron ore decreased as a result.Asian Metal CopyrightIronore market gradually retreated in October due to decreasing demand fromdownstream steel industry due to the environmental protection policy in NorthChina.Asian Metal Copyright The increasing supplyof imported iron ore at ports also depressed iron ore prices trend in themonth.Asian Metal Copyright The restricted production supported steel prices at high level andensured steel mills good profits, which pulled iron ore prices a bit when steelmills returned for procurement by the end of the month.Asian Metal Copyright The restricted production supported steel prices at high level andensured steel mills good profits, which pulled iron ore prices a bit when steelmills returned for procurement by the end of the month.Asian Metal Copyright The increasing supplyof imported iron ore at ports also depressed iron ore prices trend in themonth.Asian Metal Copyright Considering the continuallyweakening demand in the coming months, insiders are generally pessimistic aboutiron ore market in the rest months of the year.