09
Sep
01:00
Steel, iron ore continue recovery
Chinese steel futures and seaborne iron ore prices gained in tandem on Wednesday as both rebounded from falls last week. Continuing reports of China’s planned infrastructure bonds suggest continued government support for construction, although the funding will struggle to match the slower growth in real estate investment.
The Kallanish index for 62% Fe Australian fines rose by $1.86 to reach $53.70/dry metric ton cfr Qingdao. Two index-linked shipments…
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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