16
Jan
15:13
Iron ore, Chinese steel slide on weak trading
Chinese steel futures and seaborne iron ore prices fell in tandem on Tuesday amid weak trading. A new set of forecasts from Barclays confirmed the weak outlook for iron ore, with further declines expected in the coming weeks.
The Kallanish index for 62% Fe Australian fines slipped $1.09/tonne to $75.44/dry metric ton cfr Qingdao. 170,000 tonnes of PB fines sold at $74.55/t with a laycan in 2-11 February. On globalORE meanwhile 70,000t of Carajas fines …
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous