15
May
03:22
ANZ sees iron ore bottoming at $95
ANZ Research sees iron ore prices finding a floor near $95/tonne, Kallanish learns from its report.
“Muted steel demand from China’s property markets during the peak construction season is a key headwind for iron ore and coking coal demand,” the research house says.
It also says narrowing profit margins and a push to curb lossmaking steel plants will slow steel production growth in the second quarter.
Further, it says the increased amount of…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous