China iron ore prices to depend on lockdown timings, steel exports likely to surge - Astris

The future price trends of iron ore will depend on the timings of China's Covid-19 controls, while Chinese steel exports may surge in 2022 to fulfil a deficit caused by the loss of Black Sea-origin steel supply, Astris Advisory's commodity strategist Ian Roper said at Singapore International Ferrous Week on Tuesday May 17.

"The longer controls remain in place in China, the more iron ore inventory could build in ports and in ships in port queues," Roper said. However, Roper expects iron ore prices...

Published

Paul Lim

May 17, 2022

09:54 GMT

Singapore