15
May
20:41
Iron ore upticks as bank forecasts short-term upswing
Iron ore halted its mini-decline on Wednesday as seaborne prices rose modestly in tandem with Chinese steel prices. Credit Suisse has been very bullish on iron ore prices in its latest price forecast revision meanwhile, and expects some strong upward movement into the summer.
The Kallanish KORE 62% Fe index rose by $0.29/tonne to $94.46/dry metric ton cfr Qingdao. On the Dalian Commodity Exchange September iron ore settled at CNY 649.5/t ($94.46/t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous