06
Apr
14:57
Steel and iron ore futures slip
Seaborne iron ore prices slipped a little further on Wednesday as they continue to underperform steel. Chinese steel futures prices meanwhile closed a little lower than on Tuesday, suggesting that even the current bullish market can only push steel so far when iron ore is sliding.
The Kallanish index for 62% Fe Australian fines dipped by $0.48 to $52.43/dry metric ton cfr Qingdao. A combined cargo traded on globalORE for May delivery. 90,000t of Jimblebar f…
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Anonymous
Very good overview of the weekly steel market.
Anonymous