14
Jun
01:00
Iron ore, steel plummet despite hopes of new stimulus
Seaborne iron ore prices fell sharply on Friday, losing much of the gains made earlier in the week. Chinese steel futures prices also lost ground despite increasing expectations of further fiscal support from Beijing.
The Kallanish index for 62% Fe Australian fines dropped $2.25/tonne on Friday to $62/dry metric tonne cfr Qingdao. There were no deals recorded publically on GlobalOre but futures prices dropped sharply in both Singapore and Dalian.
The …
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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