Monthly Iron Ore Market Report Jan 2019

Demand of iron ore was very active in January as steel mills had to restock sufficient iron ore for the coming holiday.Asian Metal CopyrightDemand of iron ore was very active in January as steel mills had to restock sufficient iron ore for the coming holiday.Asian Metal Copyright And the rebounding prices of steel products improved profits of steel mills, which also benefited iron ore market.Asian Metal Copyright Insiders do not expect iron ore demand to improve soon after the Chinese Spring Festival holiday and iron ore market would stay slow though speculative mood may be strong for a while due to the Vale incident.Asian Metal Copyright The Vale dam burst that killed hundreds of people caused panic that its iron ore production may suffer badly and the supply cut pushed upward prices of both domestic and imported iron ore.Asian Metal Copyright The Vale dam burst that killed hundreds of people caused panic that its iron ore production may suffer badly and the supply cut pushed upward prices of both domestic and imported iron ore.Asian Metal Copyright However, as most steel mills completed their restocking in the first half of the month, very few deals were concluded later when the price soared to record high in the past two years.Asian Metal Copyright The Vale dam burst that killed hundreds of people caused panic that its iron ore production may suffer badly and the supply cut pushed upward prices of both domestic and imported iron ore.Asian Metal Copyright Insiders do not expect iron ore demand to improve soon after the Chinese Spring Festival holiday and iron ore market would stay slow though speculative mood may be strong for a while due to the Vale incident.
.Asian Metal Copyright And the rebounding prices of steel products improved profits of steel mills, which also benefited iron ore marketAsian Metal Copyright