02
Jan
17:32
Required reserved ratio cut supports iron ore
Seaborne iron ore prices have gained into the new year. In addition to mill restocking, China’s eased lending had improved economic confidence.
The Kallanish KORE 62% Fe index gained $0.76/tonne on Thursday to $92.10/dry metric ton cfr Qingdao. On the Dalian Commodity Exchange May iron ore settled at CNY 655.5/t ($94.09/t), up CNY 9/t, while on the Singapore Exchange February 62% Fe futures gained $1.31/t to $91.81/t. In Tangshan, billet prices remaine…
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Anonymous
Very good overview of the weekly steel market.
Anonymous