18
Oct
15:40
Iron ore flat as China loans skyrocket
Seaborne iron ore prices were flat on Tuesday after Chinese steel futures showed signs of losing steam. Meanwhile, China’s new loans in September exceed expectations, fuelling both hopes of support for the economy and fears of surging debt levels.
The Kallanish index for 62% Fe Australian fines slipped $0.09/t to $57.06/dry metric ton cfr Qingdao. On globalORE, Jimblebar and Newman fines traded at a flaoting prices, while on Corex Carajas fines sold f…
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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