09
Jun
01:00
Iron ore gains on expectations of stimulus
Seaborne iron ore prices enjoyed another small rebound on Tuesday as expectations of further action to support the economy grew. Lower than expected consumer inflation figures released Tuesday added to the weak import figures for May to suggest China’s domestic demand is continuing to struggle, Kallanish notes.
The Kallanish index for 62% Fe Australian fines gained $0.62/tonne on Tuesday to $61.03/dry metric tonne cfr Qingdao. 80,000t in the MNP basket…
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Anonymous
Very good overview of the weekly steel market.
Anonymous