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Home / Metal News / Tighter supervision fuelled likelihood of iron ore price erosion

Tighter supervision fuelled likelihood of iron ore price erosion

Nov 20, 2023 12:00

Source:SMM

Looking at this week, scheduled maintenance of some steel mills in a slack season will feed into little likelihood of pig iron output uptick, while ore inventories at ports and steel mills will both stand low, offering a big boost to iron ore spot prices.

Looking at this week, scheduled maintenance of some steel mills in a slack season will feed into little likelihood of pig iron output uptick, while ore inventories at ports and steel mills will both stand low, offering a big boost to iron ore spot prices. However, iron ore prices may retrace down amid regulatory risks. Under this circumstance, iron ore prices are expected to fluctuate this week.

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