11
Jul
15:30
Wugang price hike boosts steel and iron ore
Chinese steel futures and seaborne iron ore prices were both strong again on Tuesday. Wuhan Iron and Steel (Wugang) took the opportunity to hike August flats prices by up to CNY 300/tonne ($44.1/t).
The Kallanish index for 62% Fe Australian fines jumped $1.67/t to $65.09/dry metric ton cfr Qingdao, the highest level since 4 May. 170,000 tonnes of PB fines sold at $64.58/t with a laycan in 25 July-3 August. On the Dalian Commodity Exchange September iro…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous