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Strong expectations of weak cash iron prices from up to down

In early March, under the guidance of rising bidding prices, enquiries and transactions can still maintain a certain degree of heat, iron prices to stabilize the operation of the main. Subsequently, the stainless steel market fell into a quagmire of falling prices, resulting in weakening confidence in the ferrochrome market. Into the middle of the supplier shipments will increase and demand more light, local area prices began to retreat, good in the cost support is relatively firm, iron prices can be retraced by a limited margin. At the end of the month, as some steel mills began to implement production cuts, ferrochrome oversupply is becoming more prominent, the downstream buying caution and pressure mentality is obvious. In addition to the mainstream stainless steel plant purchase price delayed finalization, market concerns further fermentation, iron prices continue to slowly move down.