05
Jun
01:00
Iron ore and steel pull back despite house price recovery
Seaborne iron ore and Chinese steel futures prices moved little on Friday but saw a small decline after the increases of the last couple of weeks. Signs of increasing Chinese house prices added to hopes of a Chinese economic recovery but looming oversupply continued to cloud the outlook for the coming months, Kallanish notes.
The Kallanish index for 62% Fe Australian fines dropped $0.53/tonne to $60.94/dry metric tonne cfr Qingdao on 5 June, wiping out the g…
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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