29
Oct
14:58
Iron ore, steel hold as Li fudges 7% gdp target
Seaborne iron ore prices confirmed their new position under $50/tonne on Thursday, while Chinese steel futures managed only a minimal gain from their historic low. A speech by Chinese premier Li Keqiang, meanwhile, made clear that economic growth would continue to slow and the government would no longer boost gdp for its own sake.
The Kallanish index for 62% Fe Australian fines slipped another $0.17/t to $49.51/dry metric tonne cfr Qingdao on Thursday.…
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Anonymous
Very good overview of the weekly steel market.
Anonymous