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Port to a new low iron ore inventories at 38 months, many steel mills to maintain low

by:Hongmei     2020-07-06
Port to a new low iron ore inventories at 38 months, many steel mills to maintain low inventory. Due to the recent market is not good, the steel mills have reduce the amount of inventory preparation ore. Many steel mills have only a month's worth of inventory. So, once the market better, a lot of steel mills will face no raw material to produce. This is bound to push up the upstream ex-factory price of iron ore. Affected by upstream and downstream of the iron and steel products, Packaging steel strip, steel belt, packaging tin) Certainly will appear a new round of price increases.
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