16
Jul
01:00
Steel, iron ore quiet as market adjusts
Seaborne iron ore and Chinese steel futures prices moved little on Thursday as the markets adjusted to signs of China’s patchy economic recovery. Signs of a slow turnaround were positive for sentiment but market fundamentals continue to weigh on prices in the short term.
The Kallanish index for 62% Fe Australian fines slipped back by $0.29 to $48.92/dry metric ton cfr Qingdao. 100,000 tonnes of PB fines traded on globalORE at a $2/t premium to the Plat…
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Anonymous
Very good overview of the weekly steel market.
Anonymous