14
Jun
00:50
Steel, iron ore gain despite mill price cuts
Chinese steel futures prices and seaborne iron ore prices increased on Monday as sentiment was buoyed by production cuts in Tangshan and a cut in the CNY/USD rate. Baosteel cut its July ex-works prices however and Chinese steel export offers have slunk back after increases late last week.
The Kallanish index for 62% Fe Australian fines gained another $0.37/t to $50.9/dry metric tonne cfr Qingdao. Trading platforms were again quiet but rising Chinese futures pric…
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Anonymous
Very good overview of the weekly steel market.
Anonymous