June 2015 | Steel Raw Materials
Major seaborne iron ore benchmarks breach $65/t level: Latest Analysis
Chinese steel mills’ reluctance in scaling back production more quickly reflects their dilemma over securing profits or maintaining liquidity.
MAJOR SEABORNE IRON ORE BENCHMARKS BREACH $65/T LEVEL, BUT QUICKLY LOSE MOMENTUM Marked declines in major Chinese iron ore port inventories continued to provide modest support to iron import prices through the end of last week, as traders placed more orders for material on the spot seaborne market. Consequently, Metal Bulletins 62%...
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