21
Jul
01:00
Iron ore and steel pull back in China
Seaborne iron ore prices predictably pulled back from their forced jump on Monday, while steel prices also lost some of Monday’s gains. Weak earnings data at Chinese state-owned companies emphasised the need for steel output cuts in the coming weeks.
The Kallanish Index for 62% Fe Australian fines slipped back by $0.84 to $50.92/dry metric ton cfr Qingdao. 170,000 tonnes of PB fines traded at $51.5/t cfr Qingdao for September delivery on globalORE. 70,…
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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