29
Apr
01:00
Iron ore, steel prices pull back as China policy maintains course
Both seaborne iron ore prices and Chinese steel futures prices pulled back on Wednesday as the momentum of their recent recovery faded. Beijing continued to signal little change in policy, quashing rumours of a major debt bailout and continuing to forecast 7% GDP growth this year, Kallanish notes.
The Kallanish index for 62% Fe Australian fines slipped back by over $2 to $56.09/dry metric ton cfr Qingdao. Two trades on globalORE confirmed the decline. 90,000…
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