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Iron ore price increases nearly 70% in H1 2019

12 Jul 2019 15:11 reported by Jordan Huang

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According to the short supply in the world, the iron ore price has increased by more than 67% during the first half of the year.

As the iron ore was the main material for steel, the price increased not only increased the pressure of the mill but also reflected on the price.

According to the recent news, the margin for the Chinese mill decreased by around 18% in the first five months of this year.

Some of the steel companies in the US decided to stop their metal melting furnace capacity because of the high cost.

Although the price of iron ore remained high recently, the iron ore stocks in Chinese ports were still very fast, which indicated the price might not hit to the peak yet.

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