31
Mar
01:00
Chinas steelmakers turn to spot iron ore as mill inventories fall
Chinese major steelmakers are sourcing more of their iron ore from the seaborne spot market as domestic miners are forced out of the market and rapidly falling prices make long term agreements less attractive. Several major producers have told Chinese media that their spot volumes are key to keeping inventory low and production flexible, Kallanish notes.
Shougang International is quoted in the China Times as saying that it is systematically reducin…
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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