23
Jul
01:00
Chinese iron ore miners in 'orderly' exit: Macquarie
China’s official iron ore production figures mask the steady exit from the market of China’s unprofitable mining capacity, according to the latest Macquarie report. In fact, real consumption of domestic iron ore plummeted to the equivalent of around 200 million tonnes/year of 62% Fe ore in June, from an average of 275m t/y over 2013, it calculates.
Iron ore prices dipped to around $90/dry metric tonne cfr China on a 62% Fe basis in June and have …
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Anonymous
Very good overview of the weekly steel market.
Anonymous