According to Mining News Pro - Price index for platinum for iron ore with a purity of 62%, imports to China dropped by $ 1.25 a week and $ 67.5 per tonne dry CFR. The September swap fell to the same rate and was heard at $ 67.85 per tonne CFR. According to platts, merchants were on the market and there were a lot of suggestions, but final consumers lowered their asking prices.

Given the lack of clarity in the trend of Yuan fluctuations and uncertainties in Chinese government policies, the iron ore market is also uncertain.

The effects of production reduction plans will soon be visible in the iron ore market, and since iron ore is in the weakest terms in terms of supply and demand among raw materials, it should wait for its rapid drop in price.

As it has been said, the most vague data from the future of the iron ore market is the government`s behavior, because because of strict policies to protect the environment, many steel units in cold days are not allowed to produce much.

The rigors of this year are likely to begin earlier than scheduled, the steel market, in an orderly manner, with reduced production volumes and drop in supply.

This situation, as it has had a positive impact on the steel market and has led to significant price spikes, has had a negative impact on the iron ore market and has brought about a new ambiguity in demand prospects.

On the other hand, environmental hardship will eventually lead steel producers to use high quality ore, which means that the conditions for imported iron ore will not hardly be in the country`s iron ore market, although time will become more realistic.