The iron ore price fell on Monday after China’s state planner issued another warning against speculation in the market and fresh production curbs were imposed in major Chinese steel cities. mining
The iron ore price fell on Monday after China’s state planner issued another warning against speculation in the market and fresh production curbs were imposed in major Chinese steel cities.
China’s National Development and Reform Commission said on Friday it would look yet again at measures to curb Sign Up for the Iron Ore DigestTangshan, China’s top steel production hub, said on Monday it would launch a level 2 emergency response after heavy air pollution was forecast for this week. Handan, another major steel city, implemented similar curbs on March 17.
Steel mills currently have enough sinter ore inventory to sustain normal production for around eight days, she added.
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