The seaborne iron ore market remained firm on Thursday February 8 with demand for high-grade fines expected to be sustained by the Tangshan government making environmental protection a key focus for the city.
Key drivers Local authorities north China's Tangshan have set up a special committee to focus on environmental protection in the region. With this, market participants are expecting measures to protect the environment to remain a key consideration determining policy in the major steel-producing city. Several sources are of the opinion that is highly probable for production cuts in north China implemented for the winter heating season to be extended past its March 15 end date with the Hebei government - where Tangshan is located -...