10
Sep
01:00
Iron ore and steel driving off a cliff, but which is at the wheel?
The rapid drop in iron ore prices this year and the continuing slide in steel prices look set to continue, with most analysts expecting weak prices for the next several years. However, the driver of the decline remains iron ore with steel now playing a secondary role, Kallanish notes.
The link between falling steel and iron ore prices is clear. Iron ore dropped again on Wednesday, with a fixed price deal on the GlobalORE trading platform at $81.50/dry metric…
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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