Iron ore price, page-10007

From FMG ann this morning, more evidence gap is narrowing

The rebound in steel demand post Chinese New Year was slower than expected with ongoing localised sinter plant restrictions and recent lower blast furnace operating rates contributing to the market conditions. A seasonal lift for the remainder of this quarter is expected to be supportive of steel markets and is key to the ongoing strength in iron ore demand.
Profit margins for China’s steel mills have declined from the peaks reached in the December 2017 quarter and there are now signs that steel mills are refocussing on costs resulting in increased demand for Fortescue’s high value-in-use lower iron content ores.