FEATURE: Exceptional 2019 for iron ore on China’s steel
Jan 09, 2020 18:00
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No one would have expected the global iron ore prices in 2019 to have experienced such a sharp turn for rises epsecially when China, as the world’s largest iron ore consumer, already posted its first-year ever decline in annual iron ore imports volume albeit 1% year on year in 2018.
Most would have anticipated a small decline or steadiness at the best in iron ore prices in 2019 with all signs of oversupply pointing at that direction, and the market would probably have gone on the path if not for the disruption in supply or the substantial gain in steel