Iron Ore Falls as Demand Expectations Remain Weak
Iron ore prices are lower in early Asian trade as weak demand expectations persist. Baocheng Futures says poor Chinese steel-mill profitability is fueling expectations of further production cuts.
Iron ore prices are down in early Asian trading as demand expectations remain weak. Baocheng Futures says poor profitability at Chinese steel mills is stoking expectations of additional production cuts, which would further weaken iron-ore demand. The note refers to average daily molten iron output and consumption…