On March 22, iron ore price decreased in China

Imported iron ore prices in China fell on March 22 for both maritime trade and port inventories.

Seeing iron ore prices falling on the Dalian Commodity Exchange, some investors became willing to trade lower quotas. Some investors, on the other hand, did not want to sell their shares at a relatively lower loss due to the falling prices of iron ore.

The purchasing power of iron ore was low both by the factories in the sector and by the steel producers.

There were minor decreases in port trade of iron ore, which has been falling since Tuesday but has not seen a large price difference.