Delegates at the 19th China Steel and Raw Materials conference organized by China Iron and Steel Association (CISA) were cautiously optimistic about demand for iron ore and steel prices after the week-long holiday in the country, starting October 1.
The optimism stems from expectations that restocking demand will support prices for iron ore after the holidays, with the tight restrictions on steelmaking operations in northern Chinese cities such as Tangshan in the run up to the holidays expected to support prices of steel products.Market participants have flagged tighter steelmaking restrictions since late September compared with last year as the reason for their "mildly bullish" outlook.The tighter restrictions are a result of China marking the 70th year of...