01
Sep
01:00
Iron leaps on low inventories as steel struggles
Seaborne iron ore prices jumped sharply on Tuesday on the back of buying amid low inventories. Chinese steel futures prices halted their decline, but could not manage a rebound as supply has remained firmer than some expected.
The Kallanish index for 62% Fe Australian fines leapt by $3.57 to $54.56/dry metric ton cfr Qingdao. Two 170,000 tonne cargos of PB fines traded on globalORE for October delivery, one at $56.25/t and one at $56.9/t. A 170,000t cargo of…
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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