The recent spot transaction of reduced iron powder in Shandong Province is still satisfactory. The major manufacturers in Zibo Laiwu area have reported that the shipments have remained stable and the procurement in the two downstream markets has remained stable. And the spot prices of major producers in the above two regions have not seen fluctuations. It is reported that the spot price of metallurgical sponge iron in Laiwu area may show signs of a slight decline. The person in charge of the local reduced iron powder production enterprise said that the upstream metallurgical sponge iron production enterprises have slightly increased the sales pressure, and the sales call has increased significantly. Some business leaders said that When there is an increase in the sales volume of the upstream metallurgical sponge iron, it is generally affected by the excessive inventory pressure. Therefore, the metallurgical sponge iron in the Laiwu area may have a downward trend in the short term.
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