Iron ore prices swirled down and hit almost a six-month low on Apr, 18th 2017 at USD 62/mnt as speculators evaluated the signs in the market from China, the largest consumer of Iron Ore.
The steel industry looks up to China for the forecast and plans its successive move to
make the most of the opportunities available in the market. The current trends in Chinese market speak volumes to predict what the future holds for the steelmakers all over the world. Below are some of the indicators
everyone that is related to the industry should watch for in coming days.
Rise in iron ore inventory at Chinese major ports
Iron ore stock at Chinese major ports have increased from 131 mnt as on 7th Apr’17 to 136mnt on….
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