03
May
15:25
Iron ore slips as steelmakers pull back
Seaborne iron ore prices retreated on Wednesday as post-holiday buying ended as suddenly as it had started. With maintenance beginning to affect blast furnaces, at Ma’anshan Iron and Steel (Magang) for example, there were growing expectations that iron ore demand will decline over the coming weeks.
The Kallanish index for 62% Fe Australian fines slipped back by $0.38/tonne to $68.37/dry metric ton cfr Qingdao. 170,000 tonnes of PB fines sold with a laycan …
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Anonymous
Very good overview of the weekly steel market.
Anonymous