20
Sep
14:55
Rising inventories and iron ore steady steel
Chinese steel futures prices finally steadied on Tuesday and iron ore prices recovered slightly although there was still no sign of a strong rebound. Steel inventories continued to increase meanwhile as some traders were betting on demand after the October holiday.
The Kallanish index for 62% Australian fines gained $0.99/t to $56.58/dry metric ton cfr Qingdao. A 190,000 tonnes cargo of PB fines sold in auction on Monday at $55.01/t with a la…
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Anonymous
Very good overview of the weekly steel market.
Anonymous