Due to China’s construction industries decreased material requirements, but the steel prices still remained upward trend. Due to the steel prices rose sharply, some steel factories have increased inventory of iron ore, in order to prevent prices keep rising.
 
Recently 62% iron ore import average prices are at about US$89/ton. According to the Credit Suisse expects the iron ore prices still maintained at about US$90/ton in Q1 of 2017, estimates the price expects to fall about 30% in second half of this year