20
Oct
02:01
Iron ore rebounds as stimulus hopes raised
Seaborne iron ore prices rebounded on Monday before they could break the $50/tonne barrier. Analysts agree that China’s slowing GDP growth means more stimulus is likely from Beijing, although they do not agree about the impact that will have on prices.
The Kallanish index for 62% Fe Australian fines regained $0.50/t on Monday to $50.84/dry metric tonne cfr Qingdao. There were no confirmed deals on GlobalOre but futures prices gained slightly.
Texas-base…
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