20
Aug
01:00
Steel slides, iron ore lifts as Chinese steel output upticks
Seaborne iron ore futures prices rose and those for Chinese steel fell on Thursday as Chinese crude steel output rebounded slightly in early August. Mill inventories too were increasing again but the effect might be exaggerated because of restrictions on output due next week.
The Kallanish index for 62% Fe Australian fines upticked by $0.91 to reach $55.35/dry metric ton cfr Qingdao. A 90,000t cargo of Yandi fines traded on globalORE at $49.85/t cfr Qingdao …
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Anonymous
Very good overview of the weekly steel market.
Anonymous