Monthly Iron Ore Market Report Nov 2018

Iron ore market stayed firm in the first half of the month when demand was active from downstream steel mills.Asian Metal Copyright Steel mills became very reluctant to restock iron ore seeing the quickly decreasing profits of steel products.Asian Metal Copyright Environmental protection pressure was low in the month and steel mills maintained high operation rate.Asian Metal Copyright By the end of the month, as steel mills started facing losses, insiders believed steel mills would have to cut operation in the coming December to avoid larger losses.Asian Metal Copyright The strong demand pushed iron ore prices to record high level within this year.Asian Metal Copyright Decreasing demand would force iron ore prices to slide further in December.Asian Metal Copyright However, entering the second half of the month, iron ore prices quickly slumped depressed by the rapidly dropping prices of steel products.Asian Metal Copyright Steel mills became very reluctant to restock iron ore seeing the quickly decreasing profits of steel products.Asian Metal Copyright Steel mills became very reluctant to restock iron ore seeing the quickly decreasing profits of steel products.Asian Metal Copyright Decreasing demand would force iron ore prices to slide further in December.Asian Metal Copyright By the end of the month, as steel mills started facing losses, insiders believed steel mills would have to cut operation in the coming December to avoid larger losses.Asian Metal Copyright The strong demand pushed iron ore prices to record high level within this year.Asian Metal Copyright In the meanwhile, the worsening air condition in North China during heating season may also force steel mills to cut operation rate.Asian Metal CopyrightIron ore market stayed firm in the first half of the month when demand was active from downstream steel mills.Asian Metal Copyright Decreasing demand would force iron ore prices to slide further in December.
.Asian Metal CopyrightIron ore market stayed firm in the first half of the month when demand was active from downstream steel millsAsian Metal Copyright