28
Aug
01:00
Iron ore deficit may not save prices: Macquarie
Low iron ore prices have driven a significant amount of iron ore mining and concentrating capacity out of business both in China and elsewhere. This is apparently pushing the market into deficit, according to the latest Macquarie report, monitored by Kallanish. However, high inventories at traders mean this is unlikely to be enough to support prices and destocking over the rest of the year is a significant risk to current prices levels, it warns.
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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