19
Apr
00:38
Iron ore prices boosted by another steel bounce
Seaborne iron ore prices gained sharply again on Monday after Chinese steel prices saw sharp rises over the weekend. Cargos booked suggest a continuing appetite for ore in moderate volumes, at least as long as steel prices remain perky.
The Kallanish index for 62% Fe Australian fines jumped $2.71/t on Monday to $59.46/dry metric tonne cfr Qingdao. 100,000t of PB fines traded on GlobalOre at $60.65/t for May delivery, while a cargo of Carajas fines traded on Core…
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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