Iron Ore Prices In Tangshan To Face Downside Risk

Telah Terbit: Apr 19, 2023 15:31
Sumber: SMM
SHANGHAI, Apr 19 (SMM) – Wait-and-see sentiment dominated the iron ore market in Tangshan at the beginning of the week.

SHANGHAI, Apr 19 (SMM) – Wait-and-see sentiment dominated the iron ore market in Tangshan at the beginning of the week. Major steel mills issued bids to buy iron ore yesterday. Some independent dressing plants restocked only as needed and focused on destocking. Tight supply and low prices discouraged mines from selling. Steel mills were in rush to purchase in anticipation of lower prices in the future. Iron ore prices are expected to face downside risk in the short term.

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