News
Iron ore price keeps increasing to $133 level
Issued at 2023-12-10
Tweet
The price of iron ore increased further to a level above US$133, a new high in the past ten days. As China's steel price remained strong, crude steel production also rose in November. As a result, customer's purchases will be better than in the previous period.
However, the demand is still low and customer's purchase is conservative. Market participants said that China's steel price might remain stable and not easily increase or decrease too much in the short term.
However, the demand is still low and customer's purchase is conservative. Market participants said that China's steel price might remain stable and not easily increase or decrease too much in the short term.
Source: Yieh
Tweet
Related News
- Your direct connection to top Chinese metalcasters and suppliers
- Brazil’s bauxite-gallium pact potent for an inflexion point in the global aluminium production
- International nickel prices continue to rise
- Why Trump wants to bring aluminum production back to the U.S.
- USA - Grede to close Alabama foundry
- German iron foundry appoints new CEO
- METAL PRICES - 03/2025
- World Foundry Summit 2025
- See all News
