Monthly Iron Ore Market Report Apr 2019
2019-05-10 16:06:04 【Print】
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Demand of iron ore continued improving in the month as more steel mills in China enlarged operation after March with environmental protection pressure decreasing
. Supply of Chinese origin iron ore became very tight and its price rebounded after a temporary decline early in the month due to tax cut . In the meanwhile, prices of imported iron ore soared due to tightening supply and active demand in the month . Many insiders are expecting iron ore prices to stay firm in the coming May when downstream steel market will also gradually improve as long as the Sino-US trade talk goes smooth.