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Chinese mills' profit under pressure due to iron ore price remaining high in Q2-The 20th China(Guangzhou) Die-casting, Foundry & Industry Furnace Exhibition
5/21/2019 压铸展-铸造展- Die-casting expo-foundry expo |
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It was reported that China iron ore contract price was around RMB 680.5/ton on May 16th, 4.77% higher than before.
It seemed Vale S.A.(Vale) tailing dam accident still affected the market, and Australia was unable to increase their delivery within a short time. The market analyst estimated that in second quarter, the iron ore supply would remain short and price would support it.
However, the pressure on the Chinese steel mills were not only from the cost of raw materials, which was 10% higher than last month, but also the low selling price atmosphere in the market.
压铸展-铸造展-2019第二十届广州国际压铸、铸造及工业炉展览会-中国最受关注的压铸铸造展会-巨浪展览
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