Prices for Iron ore in China have reached double-digit growth figures compared to those witnessed over the past 5 years and look to be holding stable at these high levels for now. Yet despite all this, it’s not as if there are no cracks to be seen in this pristine picture being painted.
With steel producers in China’s Jiangsu, Fujian, and Yunnan provinces being under considerable pressure from the central government to scale back their production figures in an effort to both cool off the market and curb carbon emissions, the market seemed to have been in slight retreat this past week.
For the full report click here
Did you subscribe to our daily newsletter?
It’s Free! Click here to Subscribe!
Source: Capital Link Shipping
