24
Jul
07:49
Iron ore price continues to switchback
The current enhanced state of uncertainty prevalent in the iron and steel market, particularly in China, has been perfectly illustrated by the sheer serendipity in seaborne iron ore prices last week.
The Kallanish Index for 62% Fe Australian fines fell back by $1.47 to $56.09/dry metric ton cfr Qingdao on Friday, after having risen in midweek, after having fallen at the beginning of the week. Well, you get the picture.
Whilst there is activity on futures mark…
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Anonymous
Very good overview of the weekly steel market.
Anonymous