07
Mar
14:29
Iron ore goes crazy as steelmaking margins hold
Seaborne iron ore prices rocketed upwards on Monday, recording their largest daily increase in years, as a jump in Chinese steel prices gave confidence to buyers. Steelmaking margins are positive and steelmakers will need ore as long as that is the case. At some point real steel demand will bring prices down again, but apparently that time has been pushed further into the future, Kallanish notes.
The Kallanish index for 62% Fe Australian fines leapt 24…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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