Iron ore market might fluctuate because China considers limiting steel output & Cyclone Ilsa hits Port Hedland
Time:Mon, 17 Apr 2023 06:38:13 +0800
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Recently, pessimism about steel demand in China has impacted iron ore prices. Besides, China is considering releasing the plan by the end of this month to limit the output of domestic steelmakers at 2022 levels in order to go against speculation on iron ore.
As iron ore prices change, analysts said iron ore faces pressure from price regulation, and policy risks continue to increase.
Besides, Cyclone Ilsa probably hits Port Hedland in Australia’s northwest region, which might potentially cause volatility in iron ore prices.
