Seaborne iron ore prices regained some stability with active trading on Wednesday May 27, after falls the previous day that were triggered by an easing of supplies from Brazil. Market participants still expected support from steel demand in 2020, although this may not increase as quickly as in 2019 due to the Covid-19 pandemic this year. China reported apparent consumption of 1.15 billion tonnes of finished steel in 2019, up by 9.91% year-onyear, according to data from the National Bureau of Statistics. But a trading source in southern China said that the recent demand for steel appeared to be weak, resulting in a relatively stable price.
展开▼
