Iron Ore Market Report August 2015

Steel output was still restricted in August and sales went slow in the first half of the month due to sluggish demand.Asian Metal CopyrightSteel output was still restricted in August and sales went slow in the first half of the month due to sluggish demand.Asian Metal Copyright Iron ore market suffered while end users were cautious to rebuild stocks.Asian Metal Copyright The depreciation of Chinese currency did not bring much influence to iron ore import but promoted export of steel products and iron ore futures benefited.Asian Metal Copyright Some domestic iron ore producers who tried but in vain to raise their sales price.Asian Metal Copyright Iron ore market suffered while end users were cautious to rebuild stocks.Asian Metal Copyright The depreciation of Chinese currency did not bring much influence to iron ore import but promoted export of steel products and iron ore futures benefited.Asian Metal Copyright Iron ore market suffered while end users were cautious to rebuild stocks.Asian Metal Copyright The blast at Tianjin port hampered iron ore import through this port and the tightening supply pushed iron ore prices to rebound in the spot market.Asian Metal Copyright The blast at Tianjin port hampered iron ore import through this port and the tightening supply pushed iron ore prices to rebound in the spot market.Asian Metal Copyright About the market in September, most insiders are cautious as the steel market takes time to recover while China’s economy slows down.

.Asian Metal Copyright The depreciation of Chinese currency did not bring much influence to iron ore import but promoted export of steel products and iron ore futures benefitedAsian Metal Copyright