11
May
01:00
Iron ore rally continues as banks keep cutting forecasts
Seaborne iron ore prices rallied further on Monday on China’s interest rate cut, low port inventories and the ongoing impact of April’s supply restrictions. International banks however continued to cut their forecasts as the expected weakest period of the year approaches.
The Kallanish index for 62% Fe Australian fines slipped back to $60.61/dry metric ton cfr Qingdao on Tuesday after jumping more than $2/tonne to $61.15/t cfr Qingdao on Monday. …
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Anonymous
Very good overview of the weekly steel market.
Anonymous