22
Oct
13:25
Iron ore, steel hold as markets stall
Seaborne iron ore and Chinese steel futures prices have remained range-bound this week, awaiting a clear directional signal. Major Chinese producers have resisted cutbacks in the hope that the exit of smaller producers will be enough to boost their earnings, so far with little success.
The Kallanish index for 62% Fe Australian fines dipped by $0.48 to settle at $49.84/dry metric ton cfr Qingdao, the first time since mid-July that it has undercut the $50 level. T…
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Anonymous
Very good overview of the weekly steel market.
Anonymous