Steel production cuts could hit iron ore: CISA

摘要

Iron ore prices will be under pressure if Chinese mills opt for output cuts when experiencing greater losses in the coming months, the China Iron & Steel Association said in its May monthly iron ore market analysis report released Wednesday. “Iron ore prices may still be able to narrowly range at $60/dmt CFR China throughout June, however, steel mills may be prompted to cut steel production and conduct maintenance if they are facing greater losses in the coming months,” the association said.