03
Mar
15:03
Chinese steel, iron ore rest but confidence firming
Chinese steel futures prices and seaborne iron ore prices both took a breather on Tuesday after their jump higher on Monday. Traders remain confident that demand will return, while increased lending is supporting companies through their cashflow crises.
The Kallanish KORE 62% Fe index meanwhile gained $0.22/tonne to $86.93/dry metric ton cfr Qingdao. On the Dalian Commodity Exchange May iron ore settled at CNY 654/t ($93.26/t), up another CNY 15/t, while on the Si…
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Anonymous
Very good overview of the weekly steel market.
Anonymous