The seaborne iron ore market continued to soften on Wednesday January 31 amid a subdued steel market in China.
Key drivers Trading activity in China's steel market remained thin amid snow and freezing temperatures in many parts of the country, which have shaken market confidence.Many sources said that Hebei province could extend its restrictions on steel production - implemented for the winter heating season that lasts until March 15 - as far back as May 15 to preserve air quality. The provincial government has...