UTC+8 ( BJT)

Medium Fe-grade iron ore back in favour with China mills

ABSTRACT

China's blast-furnace steelmakers have fallen back in love with medium-Fe grade iron ore products recently, shunning the lower grade ores they had shown a determined preference for previously, as medium grade ore promises improved cost-effectiveness, given the poor finished steel margins mills are earning, according to market source.
"We're observing that some medium-grade iron ore products have become more popular among buyers in these past few days," a Shanghai-based market source remarked Friday, adding that this week, most deals concluded at ports in Tangshan in North China's Hebei and Shandong in East China involved ore products such as

............

To read the full article take a free 7-day trial to Mysteel Global

FREE TRIAL
+65 6653 8227