Author: Admin Operation
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Demand from BF-based steel mills to support Chinese iron ore prices in May’24
China’s prices for imported iron ore are likely to continue rising during the coming few weeks, driven higher by increased production among domestic blast furnace (BF) steelmakers, Mysteel’s latest report suggests. But swelling steel supplies may threaten ore prices later this month, it warns. Iron ore prices enjoyed a substantial rebound in April, with domestic…