Iron Market Report November 2015
2015-12-11 15:39:24 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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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.
