The iron ore price has enjoyed a rise on the fourteenth day in a row,
the longest winning stretch ever. This reflects the view of market
watchers continued buying back Chinese steel mills. However, the rapid
rebound solves for the price collapse last month of caution even as
steel prices recover as quickly.
Iron mineralization
The Chinese steel mills began their stocks of raw material for steel
production to replenish after the spot price for iron ore in late
October had fallen to a 22-month low of 117 USD per ton. While the
iron ore price has risen since then by more than 26%, noting the
Chinese steel futures mostly changed very little.
Since the decline in Chinese steel production is only marginally
failed, the deep slump in iron ore prices in October, the Chinese
