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Ore market will be expected much better

www.affo.com.cn  AFFO  7th,May,2009

According to the daily of steel industry, ShiHua Wealth, the steel market price of northeast area rose slightly. The main factor is : the exploitation increased in such provinces as Hebei province. And with the greatly decrease of the world steel industry recently, China market became the focus of ore industry magnates’ competition, a great deal of low price resource was put in goods market. Import ore market and home ore market all rose at different degrees, the quote price of ore selection businessmen is firmly high, the middlemen purchased actively. But as we can see, although current market is better and better, especially the deeply increase of home ore market in north area established a base at some degree for the rise of all the ore market, the price of iron refined powder has come down to the cost of ore exploitation and selection, and the home ore market’s possessive rate has deeply decreased, only in some part area home ore resource are depended on. So now all the market has been firmly restricted by the requirement. The iron ore market will still keep rising, but the degree will be limited.
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