19
Nov
10:23
Steel, iron ore sink ever further
Seaborne iron ore prices sank again on Thursday, taking Chinese steel futures prices with them. A lack of hope on the demand side has overwhelmed sentiment and means a significant disruption to expectations would now be needed to boost prices.
The Kallanish index for 62% Fe Australian fines fell by almost one dollar to $45.03/dry metric ton cfr Qingdao. A Rio Tinto tender for 170,000 tonnes of PB fines meanwhile closed at $44.89/t with a laycan of 2-11 December.…
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Anonymous
Very good overview of the weekly steel market.
Anonymous