17
Sep
12:33
Steel, iron ore await Federal Reserve rate decision
Seaborne iron ore and Chinese steel futures prices moved little on Thursday as most markets were waiting for a decision on US interest rates from the Federal Reserve. The decision, due after Asian closing on Thursday, is expected to have wide ranging effects on commodity and currency markets.
The Kallanish index for 62% Fe Australian fines hardly moved, rising $0.11 to $53.02/dry metric ton cfr Qingdao. There were no trades on globalORE but futures prices were t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous