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Home / Metal News / Stricter Environmental Protection Inspections to Depress Iron Ore Price, Steelease Says

Stricter Environmental Protection Inspections to Depress Iron Ore Price, Steelease Says

Mar 11, 2015 16:58

Source:SMM

Iron ore market will come under downward pressures following the implementation of stricter environmental protection laws in China, Shanghai Metals Market’s ferrous branch Steelease foresees.

SHANGHAI, Mar. 11 (SMM) – Iron ore market will come under downward pressures following the fallout of stricter environmental protection laws in China, Shanghai Metals Market’s ferrous branch Steelease foresees.

The closures of steel mills in Linyi, Shandong Province have clouded market outlook for iron ore demand.

Overseas iron mines will raise their output by 100 million tonnes this year. Production ramp-up at overseas mine will compound to pressure the iron ore price, Steelease says.

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