China Steel and Iron Ore on a Parallel Rally

Tuesday, August 08, 2017 1:35 PM Written by 

China domestic demand is driving a tandem rise in iron ore and steel pricing. Iron ore prices are at their highest level since April as Chinese steel producers gobble ore to take advantage of high margins and surging summer steel prices.

Although China is ahead of its target for reducing steel capacity this year, Chinese mills are running at near full utilization, using higher quality ore that is more efficient and less polluting.



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Sandy Williams

Sandy Williams joined Steel Market Update as Editor and Writer in October 2012. She is a graduate of The University of Akron with degrees in Business Management, Public Relations and a masters in higher education administration. She has experience in writing, marketing, and event planning for non-profit organizations. Sandy edits the SMU newsletter and writes articles. For more information, email Sandy@SteelMarketUpdate.com.

Website: www.SteelMarketUpdate.com
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