11
Nov
11:42
Iron ore flattens as Shen slams miners’ daydreams
Seaborne iron ore prices hardly moved on Wednesday as weak Chinese investment data and predictions of falling steel production undermined sentiment. To rub salt in the wound, Shagang chairman Shen Wenrong, struggled to be diplomatic in dismissing predictions by big miners that Chinese steel production would hit 1 billion tonnes/year.
The Kallanish index for 62% Fe Australian fines steadied at $47.85/dry metric ton cfr Qingdao. There were two index-linked trades …
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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