22
Dec
00:00
Steel, iron ore slump again on weak China
Chinese steel futures prices slumped again on Monday, while iron ore prices lost much of the gains made at the end of last week. A fall in confidence in Chinese economic growth, highlighted by an official survey of bankers by the People’s Bank of China (PBoC), set the mood for a bleak day of trading, Kallanish notes.
Iron ore, which had seemed on the verge of peeping over the $70/tonne barrier late last week, fell around $2/t on Monday. The Kallanish i…
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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