Iron Market Report January 2016
2016-02-04 17:39:16 【Print】
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Iron market become a bit more active in the month while some buyers were back to replenish some inventory before they entered holiday
. Iron producers reported decreasing stock for both S . G . cast iron and cast iron . But as output of S . G . cast iron was still very huge, it was difficult for iron producers to raise their sales price; producers in some areas had to lower their prices to compete for orders so that they could keep their inventory at a low level . In Shandong, the higher imported iron ore increased iron production cost and some producers raised their prices of both S . G . cat iron and cast iron accordingly . But after buyers completed their procurement, demand shrank again late the month . Iron producers were losing confidence in the future market with expectation that supply would improve much during the Spring Festival holiday and some producers lowered their prices in advance to attract orders . Prices of both S . G . cast iron and cast iron may decrease again when the holiday is over in later February.