Inventory of Iron Ore at Chinese Ports to Decline This Week

SHANGHAI, Mar 20 (SMM) -As the profits of steel mills weakened last week, they purchased more cost-efficient fines. Since the end of environmental protection and production restrictions, the demand for lump ore has also increased. SMM believes that the output of pig iron has not yet peaked.

Overseas shipments have increased but are still unstable. And it is expected that the inventory at the ten major ports will decline this week.