Iron ore imports are expected to grow 6.4 percent year-on-year to around 1 billion metric tons in China during 2015, driven largely by lower commodity prices and growth in domestic demand, industry experts said on Wednesday.
After a 4% slide in the iron ore price on Nov 18th, another selloff on Nov 19th brought losses for the week to over 7% as negative sentiment swamps the market for the steelmaking raw material.
EU steelmakers have restarted nearly half the blast furnaces that were idled in the financial crisis, according to a leading industry player, holding back recovery in a sector already hobbled by over-capacity and high energy costs.
This week, the high-carbon ferrochrome market price was weak and stable. The chrome market was weak and the demand side was poor. The intention to purchase in the market was reduced. The retail market was sluggish in this week with fewer enquiries and more off...
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