According to SMM, the domestic ore market in Liaoxi has been running s

Published: Oct 26, 2023 08:14

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According to SMM, the domestic ore market in Liaoxi has been running stably recently. The supply side is currently hard to find raw ore resources, considering the high cost and the strong instability of the subsequent market. Some suspended mines have no plans to resume production in the short term, and the start-up rate of selected factories in other regions is also maintained at a low level. Therefore, the price of local iron concentrate resources remains firm. In the past few days, the iron plate has stopped falling and rebounded, alleviating the depressed mood of manufacturers. Considering that steel mills have suffered a lot of losses and have strong willingness to reduce prices, middlemen are reluctant to purchase rashly. It is expected that the domestic ore market in Liaoxi will continue to be stable in the near future.【SMM Iron Ore】

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