China Raises Possibility of Restriction on Ironstone Production Capacity
2021-11-23
According to Chinese media, steel price in the United States kept rising, and the futures price of 1-ton of hot rolled steel roll rose from US$ 615 last September to the current US$ 1,923, a 213% growth rate. On the other hand, the price of ironstone which is a raw material for steel, kept falling, indicating an over 40% falling scale since the middle of July.
