Prices
October 13, 2020
CRU: Strength in China as Market Activities Resume After Holiday
Written by Anh Nghiem
By CRU Analyst Anh Nghiem, from CRU’s Steelmaking Raw Materials Monitor
Optimism from the steel market led to good buying interest of iron ore from Chinese steel mills last week. There was also post-holidays restocking demand as iron ore inventory at Chinese steel mills fell by 13% w/w last week. However, there was an announcement on Monday that environmental restrictions in Tangshan would start earlier this year and buying interest weakened as a result.
