CISA warns of price volatility for iron ore in the coming months

​The Association of Iron and Steel of China (CISA) that represents the main steel companies as a result of monthly analysis warned of the price volatility for iron ore in September-October, taking into account the uncertainty of norms of steel making in China.

In August 62% ore stayed at the level of $55 for 1% of content/ton CFR North China. In late August the price rose, however, reaching its peak of $59.25 on September 10th, it fell to $57.

Steel consumption in China reaches its peak in September-October partially due to the improvement of weather. This year the situation is likely to change due to the fall in the economy of China. It will evidently influence on steel making and as a consequence on iron ore consumption, analysts of CISA think.