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Tangshan due to the epidemic to re-control the supply and demand storm and iron ore prices can ripple? [SMM analysis]_SMM - Vimarsana News

Tangshan due to the epidemic to re-control the supply and demand storm and iron ore prices can ripple? [SMM analysis]_SMM

SMM analysis: can iron ore prices ripple once again due to the epidemic in Tangshan to control the supply and demand storm? The iron ore market continued to fluctuate today, rising more than 1% after a smooth red in early trading, then fell back to close by 0.88% to 922 yuan / ton. On the news side, affected by the epidemic situation in the surrounding areas, since 00:00 on April 18, Qian'an, Qianxi, Luanchuan and Guzhi District of Tangshan City have once again implemented recovery control. SMM believes that the impact of the Tangshan closure on iron ore is limited. At present, many steel...

Source: metal.com