December 2008 | Steel Raw Materials
Trying to find equilibrium: Iron Ore Analysis
The raw materials markets are trying to find equilibrium. Overall, demand remains under pressure from poor steel market conditions and output cuts.
The raw materials markets are trying to find equilibrium. Overall, demand remains under pressure from poor steel market conditions and output cuts. The iron ore market is over-supplied for the time being, but prices on the spot market inched up again this week.
Prices for 63.5% Fe Indian fines to China are now $74-75/tonne cfr with legitimate offer prices reaching as high as $80/tonne cfr....
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