Iron Market Report August 2015

Iron market in August continued the low performance in the previous months with no improvement from the consumer markets.Asian Metal Copyright .Asian Metal Copyright The relatively firm cost and decreasing output only narrowed the decline.Asian Metal CopyrightG.Asian Metal Copyright The increasing inventory and sales pressure forced iron producers to afford more competitive prices to compete for limited orders.Asian Metal Copyright .Asian Metal Copyright Those without their own iron ore mines could not ensure profits and had to cut operation or even halted production.Asian Metal Copyright With little chance for downstream casting industry to recover in the short term, most participants are pessimistic about the market in September when it is not very likely for iron prices to rebound though demand may show some recovery.Asian Metal Copyright Compared to S.Asian Metal Copyright Compared to S.Asian Metal CopyrightG.Asian Metal Copyright .Asian Metal Copyright cast iron, cast iron market declined more significantly on expectation of increasing output with cast iron producers about to resume production in some areas after the closure in past months.Asian Metal Copyright .Asian Metal Copyright With little chance for downstream casting industry to recover in the short term, most participants are pessimistic about the market in September when it is not very likely for iron prices to rebound though demand may show some recovery.

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