31
May
12:48
Steel, iron ore remain range-bound on stable inventory
Chinese steel futures prices and seaborne iron ore prices barely moved on Tuesday as the market remained in a lull. Market participants are waiting for a clear price signal and trading volumes remain low on the spot steel market.
The Kallanish index for 62% Fe Australian fines dipped slightly by $0.45 to $49.18/dry metric ton cfr Qingdao. Two combined cargos, one 170,000 tonnes and one 200,000t, traded index-linked on globalORE for July delivery. One shipment in…
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Anonymous
Very good overview of the weekly steel market.
Anonymous