18
Sep
11:21
Iron ore steadies on US rate decision but steel weak
Seaborne iron ore prices were steady on Friday after the decision by the US Federal Reserve to hold interest rates steady indicated support for costs in the short term. Chinese steel prices have remained weak however as weak demand keeps pressure on traders.
The Kallanish index for 62% Fe Australian fines upticked slightly again by $0.11 to reach $53.13/dry metric ton cfr Qingdao. There were still no confirmed deals on globalORE and futures prices in Singapore t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous