Mysteel: Raw Material Market Highlight (Apr 10—14)
Imported iron ore market plummeted during the week of Apr 10-14. The fall in futures on Monday set a pessimistic sentiment of the market with the falling at ports and few bids. At the middle week, portside price went down 80-100 yuan/ton. Forward spot market were also slim and buyers eager to sell which put the buyers into a passive status.