03
Nov
01:29
Steel holds as iron ore sinks on inventory build
Seaborne iron ore prices fell sharply on Monday after Chinese port stocks showed a sharp increase last week. Chinese steel futures prices meanwhile held steady at their historic lows, giving hope to traders that the pressure was finally shifting onto the iron ore market.
The Kallanish index slumped $2.82/t to $47.75/dry metric tonne cfr Qingdao on Monday to take into account of the more bearish outlook on the futures market. Two index-linked deals took place on …
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Anonymous
Very good overview of the weekly steel market.
Anonymous