Monthly Iron Ore Market Report Mar 2019
2019-04-12 17:18:47 【Print】
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Demand of iron ore recovered in March as the heating season in North China came to an end. Many steel mills managed to enlarge operation from mid-March. The increasing demand pushed iron ore prices upward but in the meanwhile the supply also improved much with inventory of both domestic and imported iron ore at ports climbing. Downstream steel market did not witness much improvement and many insiders lacked confidence in April when supply of steel products will increase further due to increasing operation rate of steel mills. Insiders anticipate that the inventory pressure and low profits of steel products may push prices of both imported and domestic iron ore downward in April when the tax cut will lower production costs.
