28
Jul
01:00
Iron ore gains again despite oversupply
Seaborne iron ore prices gained further on Tuesday as China’s rebounding steel prices and delays at Roy Hill boosted sentiment on the iron ore futures markets. High Brazilian iron ore exports and falling Chinese steel production are likely to outweigh the boost to sentiment however.
The Kallanish index for 62% Fe Australian fines rose by $0.47 to reach $51.39/dry metric ton cfr Qingdao. There were no new confirmed deals on globalORE but futures prices …
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Anonymous
Very good overview of the weekly steel market.
Anonymous