Short-Term Iron Ore Prices to Rise

SHANGHAI, Feb 10 (SMM) - Recently, the demand for steel products from construction projects has recovered slowly, but the overall demand still has reached the level of the week before the Chinese New Year (CNY) holiday. And the market sentiment has improved. The fundamentals remained strong because of the growing demand and the off-season of iron ore shipments. In the short term, iron ore prices are more likely to rise.