20
Oct
12:56
Steel down, iron ore up as Sinosteel is downgraded
Seaborne iron ore prices were firm on Tuesday even as Chinese steel futures prices slid ever closer to the CNY 1,800/tonne mark ($283/t). Meanwhile, some analysts say Sinosteel is in de facto default on its 2017 bonds and those bonds have been further downgraded by Chinese ratings analysts.
The Kallanish index for 62% Fe Australian fines upticked by $0.31 to $51.15/dry metric ton cfr Qingdao. A single index-linked combo shipment was traded on globalORE for …
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Anonymous
Very good overview of the weekly steel market.
Anonymous