Wit steel market in traditional lull demand, it will be more difficult for iron ore prices to hike

Iron ore futures prices last week hiked above the previous high again. Looking at the future, with finished product price uptick, profits of steel mills will pick up.
Iron ore demand may maintain the current level, while ore arrivals at ports may have some room to hike amid a rise in overseas shipments. Fundamentals will still be weak. Imported iron ore prices are expected to fluctuate at high levels this week. We need to be alert to possible price pullback from highs if regulators tighten supervision.