12
Apr
15:17
Iron ore soars again despite weak steel output
Seaborne iron ore prices rocketed skywards again, approaching the highs reached during their last sudden spike in March. A flurry of buying helped boost prices, as did surging Chinese steel prices, but steel prices are due a fall and the new highs may not last.
The Kallanish index for 62% Fe Australian fines jumped $3.44/t to $58.23/dry metric ton cfr Qingdao on Tuesday. Three fixed price cargos were traded on globalORE for May delivery. 90,000 tonnes in the MNP…
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