28
Oct
00:00
High-cost miners' market exit to limit further iron ore price decline: CRU
Iron ore prices are unlikely to decline again in the near future to the extent they have this year. This is because of an exit from the market of high-cost iron ore producers and support from higher coking coal prices, according to CRU consultant Chabbi Singh.
Although global steel output has been on a downward trend in the last three months, Chinese production has remained strong since the start of 2014, with mills incentivised by low iron ore prices.
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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