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Chinese steel prices slide, iron ore weak
13 Jan
00:00

Chinese steel prices slide, iron ore weak

Steel futures prices in China saw another day of decline on Tuesday and iron ore sentiment remained weak despite a decline in port stocks. Expectations of a difficult start to the year for steel appear more than enough to outweigh any foreseeable restriction on iron ore supply for now, Kallanish notes. The Kallanish index for 62% Fe Australian fines lost another $0.28 to $68.08/dry metric tonne cfr Qingdao on 13 January as sentiment conti…
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