09
Mar
12:28
Iron ore falls as fundamentals halt surge
Seaborne iron ore prices fell back further on Wednesday as the buying frenzy subsided and commentators threw cold water on expectations of a sustained rebound. Fundamentals still suggest support in the $40s for the near future but another weaker spell may be needed to push more capacity out of the market, Kallanish notes.
The Kallanish index for 62% Fe Australian fines fell by $0.60 to $58.86/dry metric ton cfr Qingdao. Buyers were no longer accepting the higher…
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Anonymous
Very good overview of the weekly steel market.
Anonymous