25
Aug
14:39
Iron ore drops further on output fears
Seaborne iron ore prices slipped again on Thursday as Chinese steel futures also lost ground. Fears that Chinese steel output will decline, not because of restriction but because of market movements, is fuelling fears of weaker prices going forward.
The Kallanish index for 62% Fe Australian fines fell $0.66/t to $60.79/dry metric ton cfr Qingdao. 50,000 tonnes of Carajas fines traded on globalORE at $68.50/t for September delivery.
Steel output…
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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