11
Sep
01:00
Iron ore, steel prices slip as outlook bleak
Seaborne iron ore prices pulled back after Thursday’s jump as mills’ incentives for keeping output high continue to fade. Chinese steel futures prices meanwhile continued to slide slowly, with market participants saying further falls are expected.
The Kallanish index for 62% Fe Australian fines slipped back by $1.02 to $54.73/dry metric ton cfr Qingdao. There were no trades confirmed on globalORE but SGX futures prices closed down after Thursday&…
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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