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Kallanish Steel Weekly: Raw materials remain stable week-on-week

Kallanish Steel Weekly: Raw materials remain stable week-on-week (July 24, 2018)

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Last week the global raw materials market remained stable as the relative quietness of August approaches and views on the market regarding the developments of prices in the next weeks are mixed. Iron ore closed last week at slightly below $64/t CFR Qingdao having continued to be range-bound at $62-64/t CFR during the entire July. Compared to last year’s prices at the end of July, the market is some $3-5/t weaker, but so far during the first part of the year iron ore levels have been relatively stable, compared with the strong volatility registered last year.

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