Monthly Iron Ore Market Report May 2019

Demand of iron ore was very strong and the decreasing import in the past four months resulted in extremely tight supply of imported iron ore at ports.Asian Metal Copyright Many downstream steel mills were active in restocking with worries that the supply was difficult to improve soon as the major iron ore mines still faced difficulty in improving their production after the dam burst in Brazil and flood in Australia.Asian Metal Copyright Both pushed prices of both imported and domestic iron ore to soar in the month.Asian Metal Copyright Both pushed prices of both imported and domestic iron ore to soar in the month.Asian Metal Copyright Many downstream steel mills were active in restocking with worries that the supply was difficult to improve soon as the major iron ore mines still faced difficulty in improving their production after the dam burst in Brazil and flood in Australia.Asian Metal Copyright Both pushed prices of both imported and domestic iron ore to soar in the month.Asian Metal Copyright Profits of steel products in China slumped much in the month but steel mills could still make considerable profits, which made them reluctant to cut operation.Asian Metal CopyrightDemand of iron ore was very strong and the decreasing import in the past four months resulted in extremely tight supply of imported iron ore at ports.Asian Metal Copyright And thus insiders are confident that prices of both domestic and imported iron ore would stay firm in the coming June and later with steel mills facing higher sales pressure of steel products during the summer months, iron ore prices may gradually retreat.
.Asian Metal Copyright Both pushed prices of both imported and domestic iron ore to soar in the monthAsian Metal Copyright