Steel Products Prices North America
May 14, 2019
CRU: Macro and Geopolitical Uncertainty Keeps Iron Ore Prices Stable
Written by Tim Triplett
By CRU Senior Analyst Manjot Singh
As has been the case in the last few weeks, Chinese BF utilization rates have remained above 80 percent and rebar inventories have continued to dwindle, suggesting buying appetite for raw materials has been robust in China. In terms of iron ore specifically, inventories at Chinese ports and mills declined w/w, albeit slightly, which indicates Chinese steelmakers are not ready to give up on their pursuits of maintaining high levels of hot metal production, yet.
