07
Sep
15:55
Iron ore slumps as Tangshan restrictions spook market
Seaborne iron ore prices turned down sharply on Wednesday as the market considered the possibility that restrictions on sintering in Tangshan could have a deeper impact on the market. Although the core driver of weakness over time remains absent Chinese demand, the seaborne iron ore spot market is still easily driven by changes in northern China.
The Kallanish index for 62% Fe Australian fines dropped $1.35/t to $57.41/dry metric tonne cfr Qingdao. The…
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Anonymous
Very good overview of the weekly steel market.
Anonymous