15
Sep
12:35
Iron ore, steel slide on economic blues
Growing fears that a recovery in the Chinese economy will still need more time helped push seaborne iron ore and Chinese steel futures prices downwards on Tuesday. An increase in iron ore port stocks also pointed to further weakness, although a fall in steel inventories suggested a more mixed picture.
The Kallanish index for 62% Fe Australian fines fell by $1.27 to reach $52.08/dry metric ton cfr Qingdao. An 80,000 tonnes cargo traded on globalORE under the…
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Anonymous
Very good overview of the weekly steel market.
Anonymous