24
Sep
12:17
Steel, iron ore hold as forecasts keep falling
Seaborne iron ore and Chinese steel futures prices moved little on Thursday in what could be the start of the quiet period ahead of the Chinese October holiday. Macquarie became the latest bank to cut its iron ore forecasts meanwhile, highlighting the rocky quarter to come.
The Kallanish index for 62% Fe Australian fines fell slightly by $0.20 to $53.79/dry metric ton cfr Qingdao. There were no confirmed deals on globalORE but futures prices fell back …
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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