Monthly Iron Ore Market Report Mar 2019

Demand of iron ore recovered in March as the heating season in North China came to an end.Asian Metal CopyrightDemand of iron ore recovered in March as the heating season in North China came to an end.Asian Metal Copyright Many steel mills managed to enlarge operation from mid-March.Asian Metal Copyright Many steel mills managed to enlarge operation from mid-March.Asian Metal Copyright 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.Asian Metal Copyright 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.Asian Metal Copyright 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.Asian Metal Copyright Many steel mills managed to enlarge operation from mid-March.Asian Metal Copyright 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.
.Asian Metal Copyright Many steel mills managed to enlarge operation from mid-MarchAsian Metal Copyright