Dismal outlook for iron ore lump amid ample supply, active reselling by Japanese steelmakers

Iron ore lump trading in the seaborne market has increased in the second quarter, because low prices due to sufficient shipments compared with other brands, have attracted buying interest from mills and traders, sources told Fastmarkets.

Lump ore and pellet ore are both direct-charged raw materials in blast furnaces, without the need for sintering. Yet the former has been more cost-efficient this year due to tight...


Alice Li

Olivia Zhang

July 10, 2023

17:09 GMT