The Wait-And-See Atmosphere In The Domestic Ore Market In Liaodong Is Gradually Emerging, And Steel Mills In Tangshan Purchased Low-Priced Goods.

The wait-and-see atmosphere in the domestic ore market in Liaodong is gradually emerging, and steel mills in Tangshan purchased low-priced goods. The price of finished goods inched lower, squeezing profits of steel mills, and traders took a prudent approach to observe the market trend. In addition, sporadic buyers made inquiries at low prices. Therefore, buyers and sellers were at a stalemate. On the whole, with soaring USD-based iron ore futures and low inventory, dressing plants held prices firm. On the other hand, traders took a prudent stance on procurement. Some of them are waiting for steel mills to set prices. Steel mills’ willingness to cut prices remained undiminished, iron ore prices in Liaodong are expected to be stable.