There are indications that the high price of iron ore will no longer be seen. Iron ore prices are declining due to the surge in Australian iron ore investment and reduced demand in China. Many domestic steel mills predict that iron ore supply and demand will be reversed. From the major ports in China, we have learned that the price of imported minerals has been falling all the time. The mainstream price of 63.5 printing powder outside this week has dropped by about 10 dollars from the beginning of the month. Domestic mine prices have also fallen all the way. In some areas, the purchase price of steel mills has dropped by 100 yuan/ton. At the International Symposium on China's Steel Raw Fuel held on the 27th, Zhang Changfu, vice president and secretary general of the China Iron and Steel Association, said that the current contradiction between supply and demand has become very prominent. Recently, the downstream demand of real estate and machinery industries has weakened, and the “Golden September and Silver 10†market of steel products has completely failed. As a result, the demand for downstream steel billets such as steel strips and threads has directly weakened. On the basis of pessimism on the domestic market, many steel mills have said that the supply and demand relationship caused by the shortage of iron ore under the guidance of the three major mines will be reversed in advance. "The large-scale growth of iron ore supply will gradually gradually approach," said Dai Zhihao, deputy general manager of Baosteel Group Co., Ltd. The Baosteel Group executives recently visited some countries to inspect iron ore and found that many countries are investing in iron ore on a large scale. Brett Russell Sadler, Acting Deputy Director of State Development Department of the Western Australian Government, also said that with the large-scale investment in iron ore projects, according to the current investment plans of major Australian mines, Western Australia’s iron ore production capacity will exceed demand in the next few years. . Authorities predict that iron ore prices will have an inflection point around 2013, and then all the way down, the FOB price finally stabilized at around $80/ton. Lighting Pole,Lamp Pole,Solar Street Light Pole,Street Light Pole China Searun Solar Solution Co., Ltd. , https://www.srsolarlights.com
Supply and demand reverse the high price of iron ore will no longer be scenery
Abstract There are indications that the high price of iron ore will no longer be seen. Iron ore prices are declining due to the surge in Australian iron ore investment and reduced demand in China. Many domestic steel mills predict that iron ore supply and demand will be reversed. I learned from the major ports in China that the recent import tenders...