Iron Market Report July 2015

Iron market maintained downward trend in the month with no improvement on the demand from casting industry.Asian Metal CopyrightIron market maintained downward trend in the month with no improvement on the demand from casting industry.Asian Metal Copyright Though iron production decreased after some iron producers cut as well as halted production, the market remained in oversupply. Iron prices decreased over RMB100/t in the month for S.Asian Metal Copyright Iron prices decreased over RMB100t in the month for S.Asian Metal CopyrightG. cast iron and those of cast iron also dropped over RM50/t.Asian Metal Copyright Though iron production decreased after some iron producers cut as well as halted production, the market remained in oversupply.Asian Metal Copyright Though iron ore prices were firm in the week and some iron producers faced losses, the increasing inventory and sales pressure forced iron producers to undersell to compete for orders that already shrank a lot during the long summer.Asian Metal Copyright It is very likely for iron demand to improve in the short term and the price will stay under pressure of decreasing further in the coming months.Asian Metal Copyright It is very likely for iron demand to improve in the short term and the price will stay under pressure of decreasing further in the coming months.

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