26
Apr
14:07
Iron ore slides towards $60/t
Seaborne iron ore prices slipped along with other Chinese commodities on Tuesday. Another Chinese metals company default only added to the bleak mood as steel and iron ore begin to see hot money flow away from the speculative buys.
The Kallanish index for 62% Fe Australian fines slipped back by $1.14 to $62.32/dry metric ton cfr Qingdao. 90,000 tonnes of PB fines traded on globalORE at $62/t for May delivery.
News that Hebei plans to stop any more blast …
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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