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UTC+8 ( BJT)

Global iron ore market to stay tight-balanced in 2021?

ABSTRACT

We are almost two months into 2021, and the global iron ore prices have so far appeared rather resilient especially with the serious surges after the Chinese New Year holiday over February 11-17, and with the anticipation of global economic recovery and the recent booms in the steel prices in many countries including China, the worldwide ferrous community is wondering whether the history of 2020 will repeat this year.
The global iron ore market had evaded a huge blow by the COVID-19 in 2020 due to its largest consuming country – China – had been able to shake off the adverse impact after about two months of fierce battle via extreme means such as locking down a dozen of the Chinese cities

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