Iron Ore Fines Prices in Eastern Liaoning May Slump Further Amid Market Sluggishness and Cautious Procurement

Published: Aug 14, 2024 18:14

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【Brief Comments on Domestic Iron Ore Market: Iron Ore Fines Prices in Eastern Liaoning May Decline Further】Recently, the domestic iron ore market in eastern Liaoning has been sluggish in trading. Leading steel enterprises slightly raised their settlement prices in the first ten days of the month, but due to the lag in their pricing model, it failed to drive the market. Affected by the weakness in the external market, prices of some large mines have been reduced. Traders, considering the pricing of local steel enterprises, found it difficult to accept the current prices. Steel plants struggled to restore profits and adopted a cautious approach to procurement, leading to weakness in both supply and demand...

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