24
May
15:59
Shrinking Chinese mill margins hamper high-grade ore prices
Chinese steel mill profits have plummeted due to an industry downturn, which has also hampered the possibility of widening spreads for high-grade iron ore, says William Lee, general manager of Xiamen ITG Mining Resources and Fujian Sansteel International Trade Company.
At the Singapore Iron Ore forum attended by Kallanish on Wednesday, Lee shared his views on the recent trend of iron ore. The slowdown in liquidity for the 65% Fe iron ore contract is…
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Anonymous
Very good overview of the weekly steel market.
Anonymous