22
Jul
01:00
Iron ore slides as analysts talk market down
Seaborne iron ore prices slid further on Wednesday as increasing supply and falling Chinese steel output continued to weigh on the market. Goldman Sachs were the latest to give a bearish forecast, suggesting a continuing decline in prices for a year or more.
The Kallanish index for 62% Fe Australian fines slipped by $0.90 to $50.02/dry metric tonne cfr Qingdao. 170,000 tonnes of Standard Sinter Feed Guaiba traded on globalORE at a $2.5/t premium to the Platt…
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Anonymous
Very good overview of the weekly steel market.
Anonymous