16
Jul
01:00
Iron ore struggles to top $100/t in slow Chinese steel market
China’s improved GDP growth has steadied the steel markets, partially offsetting the summer slowdown. However, iron ore prices are still struggling to top $100/tonne as any recovery in finished steel prices in the coming weeks is likely to be limited.
Iron ore prices are coming close to pushing over $100/dry metric tonne cfr China on a 62% Fe basis once more. Last week a cargo of 60,000 tonnes was traded on online trading platform GlobalOre at $97/…
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Anonymous
Very good overview of the weekly steel market.
Anonymous