27
Apr
01:00
Steel prices keep surging as iron ore rebound burns out
Seaborne iron ore prices remained strong on Monday but the rebound appeared to be beginning to burn itself out after a $10/tonne rally last week. Chinese steel futures prices continued their strong performance however as market sentiment continued to prove despite evidence that fundamentals remain weak, Kallanish notes.
The Kallanish index for 62% Fe Australian fines gained just under $1/t on Monday to $58/dry metric tonne cfr Qingdao as trading slowed from …
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