05
May
01:00
Iron ore, steel up despite more bleak forecasts
Iron ore prices gained moderately again on Tuesday as production cuts and slowdowns bolstered sentiment and steel futures prices followed. Cutbacks appear to be only part of what seems necessary in order to balance the market however, suggesting the current upturn is only temporary, Kallanish notes.
The Kallanish index for 62% Fe Australian fines settled at $56.85/dry metric ton cfr Qingdao. There were no trades registered on the GlobalOre platform but futur…
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Anonymous
Very good overview of the weekly steel market.
Anonymous