28
Oct
00:51
Steel, iron ore prices hold as China awaits new plan
Seaborne iron ore prices continued to move around the $50/tonne level while Chinese rebar futures were hovering just over CNY 1,800/t ($283/t) on Tuesday. China was meanwhile awaiting news from the annual gathering of the Communist Party, where the country’s next five year plan is being discussed.
The Kallanish index for 62% Fe Australian fines recovered $0.47/t to $50.25/dry metric tonne cfr Qingdao. A fixed price deal was confirmed on GlobalOre as 170,00…
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Anonymous
Very good overview of the weekly steel market.
Anonymous