According to the market of raw materials on May 18th, the iron ore prices showed a strong increase, with a range of 3% in a day, mainly stimulated by the strong market demand in China.

Moreover, on the supply side, the exports of iron ore from Australia and Brazil also showed a decrease recently, which was also the main factor of the increasing iron ore price.

In addition, the hot-rolled coil market price on May 18 also showed a 0.6% increase in Dalian Commodity Exchange.