16
Aug
16:02
Iron ore surges on new China rally
Seaborne iron ore prices leapt higher on Tuesday as China’s steel market saw another surge in sentiment. Morgan Stanley has retained a firmly bearish mood however, expecting iron ore to fall into the $30s by the end of the year.
The Kallanish index for 62% Fe Australian fines surged $1.89/t to $61.24/dry metric ton cfr Qingdao. A combination shipment traded at a floating price on globalORE with 80,000 tonnes of Jimblebar and 90,000t of Mac fines. Singapore…
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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