9,006.55 TRY BIST 100 BIST 100
4.84 CNY CNY CNY
34.27 USD USD USD
37.11 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
44.62 TRY Interest Interest
72.99 USD Fossil Oil Fossil Oil
33.70 USD Silver Silver
4.35 USD Copper Copper
103.78 USD Iron Ore Iron Ore
375.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,067.38 TRY Gold (gr) Gold (gr)

The stagnation in steel demand in China

The continuation of stagnation in steel demand in the Chinese market resulted in a decrease in imported iron ore prices.

The stagnation in steel demand in China

The stagnation in steel demand in the Chinese market caused a drop in the country's imported iron ore price again. The iron ore price, which was at 60%, was recorded at $102.85/t CFR with a daily decrease of $4.65.

According to market reports, insufficient news in the steel market and short-term price declines in the market adversely affected this decline.

In April, bank loans in China showed a sharper decline than expected, which increased concerns about the country's economic recovery and put pressure on policymakers to take supportive measures. The downward trend, which was not directed towards the expected improvement in demand, caused disappointment in steel demand during the construction season when steel producers are most active, and led to a decrease in prices.

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