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310S stainless steel plate stocks rose

Major foreign miners increased their investment, capacity continued to expand, and new mines have been put into production. In 2014, the global net iron ore production capacity was 130 million tons, and the total production capacity has reached more than 1.5 billion tons (excluding China).
On the other hand, the global economy continues to be sluggish, especially in the period of high-speed growth of China's 310S stainless steel plate demand, and the demand for iron ore has gradually shifted from the rapid growth in the past to the low-speed growth of 3%–4% per year.
At the same time, China's iron ore imports have increased significantly this year. The cumulative import of iron ore and concentrates reached 30.534 million tons, up 20.7% year-on-year. The inventory of 310S stainless steel plates continued to rise, and the increase in inventory of 310S stainless steel plates also inhibited. The price of the mine has risen.
Iron ore shipments have obvious seasonal characteristics, and shipments are generally at a higher level throughout the year, taking into account the release of new capacity by several major miners.

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