18
Feb
13:27
Steel, iron ore firm as PBOC boosts stimulus
Seaborne iron ore prices gained on Thursday while Chinese steel futures held firm. The People’s Bank of China (PBOC) announced a stepping up in its monetary easing, suggesting state support for the economy will be ensured for the near term at least.
The Kallanish index for 62% Fe Australian fines rose by $0.50 to reach $45.57/dry metric ton cfr Qingdao. 170,000 tonnes of PB fines sold in tender at $45.70/t on Wednesday and 160,000t of Standard Sinter Feed …
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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