Monthly Iron Ore Market Report Sep 2018
2018-10-10 19:23:04 【Print】
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Owing to the environmental protection requirements, the production restriction upon steel mills in Shanxi became stricter in September
. Most steel mills in Xuzhou were still in production halt . The demand for iron ore remained weak . Prices of domestic iron ore in Northeast, North, and East China went up to different extent, and the supply was tight . As for imported iron ore prices at ports, prices of medium-to-low and medium-to-high quality iron ore fines stably moved up; prices of high-quality iron ore fines remained firm despite of the decreasing transactions; prices of iron ore lumps at ports went up early this month with active transactions, then showed a stable trend . According to insiders, as steel mills make purchases in early October after the National Day holiday, imported iron ore prices would still show a firm trend; with the stricter production restriction upon steel mills in late October, iron ore prices would drop from a high level.