04
Jan
15:43
Iron ore slumps on mill overhauls
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Seaborne iron ore prices reversed course on Wednesday as Chinese steel mills started to ramp up maintenance, hitting iron ore demand expectations. Rumours that China could resume some Australian coal imports have had a mixed impact on iron ore. Some participants appeared to be spreading rumours in a deliberate attempt to cool sentiment.
The Kallanish KORE 62% Fe index dipped $2.71/t on Wednesday to $116.57/dry metric tonne cfr Qingdao. The…
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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