Monthly Iron Ore Market Report Jan 2018

Iron ore market first soared to record high level in the first half of the month as a result of high prices and profits of downstream steel products and restocking of steel mills for the coming holiday in February and with procurement gradually decreasing, the prices started sliding in the second half of the month especially when downstream steel prices also decreased much.Asian Metal CopyrightIron ore market first soared to record high level in the first half of the month as a result of high prices and profits of downstream steel products and restocking of steel mills for the coming holiday in February and with procurement gradually decreasing, the prices started sliding in the second half of the month especially when downstream steel prices also decreased much.Asian Metal Copyright Supply was still very high at ports for imported iron ore, which also depressed iron ore suppliers in global markets.Asian Metal Copyright Supply was still very high at ports for imported iron ore, which also depressed iron ore suppliers in global markets.Asian Metal Copyright Depreciation of US dollars that reduced freights also helped lower imported iron ore prices.Asian Metal Copyright Supply was still very high at ports for imported iron ore, which also depressed iron ore suppliers in global markets.Asian Metal Copyright Without any chance for the demand to improve in the coming February when the China will enter Spring Festival, it is expected that both demand and prices of iron ore would stay low till the holiday is over by the end of the month.
.Asian Metal Copyright Supply was still very high at ports for imported iron ore, which also depressed iron ore suppliers in global marketsAsian Metal Copyright