Tag: iron ore market outlook June 2026
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MONTHLY: China iron ore prices to decline in June as supply surplus widens
Iron ore supply surplus expected to widen further China summer slowdown weakens iron ore demand Mysteel Global: Global iron ore shipments are entering their traditional peak season this month, while China’s steel consumption is expected to gradually weaken due to the summer lull, weighing on iron ore demand. As a result, a potential supply glut,…