Latest Update in the China Finished Steel Market

DCE iron ore futures rose by 0.29today, the main contract closed at 866.5.The traders' willingness to ship is less.

A relevant person from China Coal Energy said today that coal imports can only be made by companies with import rights through submission of approval.

SHANGHAI, Mar 24 (SMM) – According to SMM research, the average capacity utilization rate of coking ovens this week was 77.7%, a decrease of 0.2 percentage point week-on-week.

SHANGHAI, Mar 24 (SMM) – Market rumours said that steel mills will face production restrictions, which will prevent iron ore prices from rising.

SHANGHAI, Mar 24 (SMM) – Iron ore prices in east China rose this week, driven by rising imported ore prices a week ago.

SHANGHAI, Mar 24 (SMM) –Major steel mills in western Liaoning frequently lowered iron ore purchase prices this week, prompting traders to follow suit. 

SHANGHAI, Mar 24 (SMM) – Falling iron ore futures prices and steel prices drove major steel mills in Tangshan to lower their iron ore bid prices this week.

SHANGHAI, Mar 24 (SMM) – Weekly iron ore price review: