Iron ore with 63.5% iron content for delivery in Tianjin extended losses to $101.5 per metric tonne, the lowest since July 2020 and more than 50% below its record high level of 229.5 reached in May on bearish outlooks for iron ore demand and China’s efforts to tame commodity prices. After enforced constraints on steel production in 2021, China ordered steel mills to lower output during the winter season and ahead of the Winter Olympics in Beijing. Official data showed China’s crude steel output fell for the third consecutive month in September to the lowest since 2017 and according to Mysteel daily crude steel production continued to decline in October.
quarterly is out how do people feel :), page-9
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