Daily iron ore price update (much ado)

Texture from Platts:

An iron ore trader in China’s Shandong province expects steel mill margins to increase further before the country’s Lunar New Year holiday which starts on January 25.

Restocking of iron ore before the coldest winter months and ahead of the Lunar New Year usually supports iron ore prices, he said. But steelmakers are cautious about possible winter production curbs, which would reduce their requirements for raw materials.

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