Monthly Iron Ore Market Report Dec 2018
2019-01-11 16:20:21 【Print】
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Iron ore prices continued dropping at the beginning of the month depressed by the slowing demand as steel mills cut operation in response to increasing environmental protection pressure
. Later as steel prices gradually rebounded and supply of imported iron ore decreased with Western countries entering Christmas and New Year holiday, prices of imported iron ore quickly climbed . Prices of domestic iron ore also followed uptrend in some provinces . Generally speaking, downstream steel market still faced downward pressure in the month when downstream estate industry stagnated during winter in North China . As a result, prices of iron ore may slide again in January when supply of imported iron ore would improve as the holiday will be over in Western countries.