Several steel mills in China have recently resumed production. In early December, crude steel production at key Chinese steelmakers rebounded significantly.
Meanwhile, sustained macro-level growth policies were expected to continue to strengthen, spurring a recovery in the iron ore market, while prices are steadily recovering.
Demand for iron ore was expected to improve on the back of higher material prices, rebound in profits at steel mills, and anticipated resumption of production. However, as stocks at the port reached a new high, supply and demand for iron ore did not improve, the later phase is mainly driven by actual demand, the mine price was expected to support the shock performance next week.
Steel mills in China continue to resume production
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Azovpromstal® 20 December 2021 г. 13:09 |
