Tag: Global iron ore supply growth outpaced demand

Shrinking mill profitability, steel production cuts to pressure ore demand Simandou ramp-up, seasonal uptick in ore exports may lead to oversupply Mysteel Global: Chinese imported iron ore prices ended the first half of this year lower on balance, despite a brief rebound in the middle of the period. On 30 June, Mysteel SEADEX 61% Australian…