Iron ore prices' plunge to an all-time low of $38.50/mt in December 2015 dampened market sentiment going in to 2016. Small mills were forced to shut down furnaces, and many had to cut down operating rates to mitigate losses. But price spikes were also seen particularly around March and April.
Editor Melvin Yeo looks at what are causing price swings for iron ore, shares the sentiment of market sources this quarter, and the factors that could affect the seaborne iron ore market for the rest of the year.