News about Investigation Carried out by Relevant State Departments Spread across the Iron Ore market on Mar 9

SHANGHAI, Mar 10 (SMM) - News about the investigation by relevant state departments spread across the iron ore market yesterday, which caused fluctuations in the traders' sentiment. In addition, the possibility of the Fed raising interest rates by 50 basis points is increasing recently and China's CPI data was lower than expected, throwing a cold water on the market confidence. On the fundamentals, the output growth of pig iron was limited. The steel demand recovered slowly.