29
Jun
01:00
Steel and iron ore prices sink despite interest rate cut
Seaborne iron ore prices slid gently and Chinese steel futures prices slumped on Monday, despite China’s combined interest rate and reserve ratio requirement (RRR) cut over the weekend. While the closure of banks in Greece weighed on international sentiment, China’s own debt problems meant few expected its rate cuts to stimulate demand.
The Kallanish index for 62% Fe Australian fines dipped under $60/tonne once more, falling $0.77/t to $59.73/dry…
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