Monthly Iron Ore Market Report Feb 2019

Iron ore demand was weak in February affected by the Chinese Spring Festival.Asian Metal CopyrightIron ore demand was weak in February affected by the Chinese Spring Festival.Asian Metal Copyright Most steel mills completed restocking in advance and the transportation rush in the month also blocked delivery.Asian Metal Copyright Later the month, depressed by the poor sales and rising inventory of imported iron ore at Chinese ports, the price retreated gradually especially when downstream steel market stayed slow.Asian Metal Copyright However, the Vale dam burst kept increasing worries that iron ore supply would tighten further this year and prices of imported iron ore kept increasing even during the Chinese Spring Festival.Asian Metal Copyright Most steel mills completed restocking in advance and the transportation rush in the month also blocked delivery.Asian Metal Copyright Later the month, depressed by the poor sales and rising inventory of imported iron ore at Chinese ports, the price retreated gradually especially when downstream steel market stayed slow.Asian Metal Copyright Most steel mills completed restocking in advance and the transportation rush in the month also blocked delivery.Asian Metal Copyright Insiders are not optimistic about downstream steel market in March and prices of both imported and domestic iron ore are expected to slide further within the coming month.
.Asian Metal Copyright Most steel mills completed restocking in advance and the transportation rush in the month also blocked deliveryAsian Metal Copyright