Monthly Iron Ore Market Report Dec 2018

Iron ore prices continued dropping at the beginning of the month depressed by the slowing demand as steel mills cut operation in response to increasing environmental protection pressure.Asian Metal Copyright Generally speaking, downstream steel market still faced downward pressure in the month when downstream estate industry stagnated during winter in North China.Asian Metal Copyright Later as steel prices gradually rebounded and supply of imported iron ore decreased with Western countries entering Christmas and New Year holiday, prices of imported iron ore quickly climbed.Asian Metal Copyright .Asian Metal Copyright Prices of domestic iron ore also followed uptrend in some provinces.Asian Metal Copyright Later as steel prices gradually rebounded and supply of imported iron ore decreased with Western countries entering Christmas and New Year holiday, prices of imported iron ore quickly climbed.Asian Metal Copyright Generally speaking, downstream steel market still faced downward pressure in the month when downstream estate industry stagnated during winter in North China.Asian Metal CopyrightIron ore prices continued dropping at the beginning of the month depressed by the slowing demand as steel mills cut operation in response to increasing environmental protection pressure.Asian Metal Copyright As a result, prices of iron ore may slide again in January when supply of imported iron ore would improve as the holiday will be over in Western countries.
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