30
Apr
20:54
Five things we learned about steel last week
Chinese steel and seaborne iron ore prices appeared to offer each other mutual support last week. Steel prices were supported by fear of production cutbacks as several mills announced mid-quarter maintenance plans. Both spot and futures prices for Chinese domestic HRC and rebar strengthened last week.
The gradual fall from the $80/tonne level seen at the beginning of April for 62% Fe Australian fines was finally arrested in the mid-$60 range. By the end of the w…
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Anonymous
Very good overview of the weekly steel market.
Anonymous