07
Jun
11:21
Fundamentals seen trumping speculation, iron ore at $50/tonne
Market fundamentals remain the key driver of iron ore pricing movement, although trading on the paper market does create price volatility in the short term. This was the conclusion of panellists at Metal Bulletin’s International Iron Ore Symposium in Prague on Wednesday.
The driver behind higher Chinese steel prices last year was government stimulus into construction projects that boosted steel demand, said Metal Bulletin Index senior analyst Peter Hannah.…
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Anonymous
Very good overview of the weekly steel market.
Anonymous