22
Sep
14:58
Iron ore slide continues as Rio plans blending
Chinese steel futures slowed their decline on Tuesday, but iron ore prices continued to tumble. Rio Tinto has meanwhile taken another step to cement its presence in the Chinese market with a new blending centre.
On the Shanghai Futures Exchange the January 2021 contract closed CNY 2/tonne lower than Monday at CNY 3,537/t ($523/t), while the same contract for hot rolled coil closed down CNY 9/t at CNY 3,652/t. In Tangshan, billet prices were flat at CNY 3,320/t.
T…
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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