SHANGHAI, Apr 28 (SMM) – As steel prices are vulnerable to decline with the arrival of the off-season, steel mills’ profits will shrink further.
IOCJ fines may become more popular now that the price difference between high and medium-grade ore has narrowed, which in turn could cause the price difference between the two to widen after the Labour Day holiday. The price difference between medium and low-grade ore may be relatively stable.
Before the holiday, the price difference between high and medium-grade ore narrowed further, while that between medium and low-grade ore widened slightly.
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