01
Sep
00:13
Steel, iron ore continue to slump
Falling Chinese steel futures dragged iron ore lower again on Wednesday despite a firmer deal on GlobalOre. Unless demand is stronger than expected in the coming weeks is is unlikely that iron ore can top $60/t again, and prices are likely to slump further over the year.
The Kallanish index for 62% Fe Australian fines dipped $0.41/t to $57.90/dry metric tonne cfr Qingdao. A quiet spot market was punctuated only by a sale on GlobalOre of 100,000t of Carajas fines…
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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