06
Sep
19:26
Chinese prices could crash by year-end, conference told
Iron ore prices are unlikely to increase substantially as Chinese consumption of the raw material declines while new mining capacity comes online, according to Gorkem Bolaka, managing director of trading group Galex Steel.
China, which accounts for 82% of Australian iron ore exports, is seen reducing its iron ore consumption is by 45 million tonnes. “It doesn’t take a genius to see prices won’t increase,” Bolaka told delegates at Metal Bu…
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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