17
Nov
00:42
Steel, iron ore slip further
Seaborne iron ore and Chinese steel futures prices both fell slightly at the start of the week. With Chinese steel production showing signs of falling and demand flat, the outlook for both prices remains bleak.
The Kallanish index for 62% Fe Australian fines dropped $0.12/t on Monday to $47.57/dry metric tonne cfr Qingdao. A tender for 170,000t of PB fines closed at $47.11/t with a laycan in 29 November-8 December. A single 170,000t cargo of PB fines also traded…
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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