02
Jul
01:00
Iron ore, steel fall as output rises in mid-June
Seaborne iron ore prices continued to slide on Thursday, dragging down steel futures prices with them. Another increase in steel output and a larger increase in inventories in mid-June painted a bleak picture for both product groups in July.
The Kallanish index for 62% Fe Australian fines fell by $2.61 to $53.27/dry metric ton cfr Qingdao. Two fixed price 80,000-tonne cargos in the MNP basket traded on globalORE for August delivery, one at $54/tonne and one …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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