October 28, Steelmakers across the world have said soft demand will continue through the end of 2010 as government stimulus measures fade and both companies and consumers still hesitant to boost spending given mixed signals on the state of the global economy. Iron ore prices in China remained at $156/157/Mt levels, though not much of the action taking place in the market.
Iron ore prices steadied as offers held in place on Thursday on thin demand from Chinese steel mills as production curbs continue.
Leave a Reply