Pig Iron Output Growth to be Limited

SHANGHAI, Mar 27 (SMM) - SMM statistics showed that the iron ore inventories across the 35 ports in China totalled 132.5 million mt as of March 24, a drop of 620,000 mt from a week ago and 14.9 million mt from a year ago. The daily average shipments from the 35 ports added 6,000 mt on a weekly basis to 2.91 million mt last week. The pig iron output growth will be limited in the near future. The gap between supply and demand in the iron ore market may gradually expand amid the subsided impact of overseas weather conditions.