Iron Ore Price Forecast in Mar

SHANGHAI, Mar 7 (SMM)－In March, iron ore prices will hardly soar under price monitor carried out by related departments since the prices surged at the beginning of the month. Iron ore resources are increasingly tight owing to the mine accidents in recent days, forming a certain support for the prices. In addition, the better sales of construction steel and the expected growth of pig iron output will also drive domestic iron ore demand.
Moreover, the market expects supporting policies to be introduced by the ongoing Two Sessions. In general, domestic iron ore prices may fluctuate at a high level in March.