July 2016 | Steel Raw Materials
Improved outlook on Chinese steel market balance drives futures and physical iron ore prices: Latest Analysis
Despite a potentially more balanced outlook for steel market fundamentals due to the merger between Baosteel and WISCO, there is substantiated uncertainties over whether this proposal will actually improve market concentration.
Improved steel market sentiment and the associated strength in steel futures prices have translated into higher futures prices for iron ore on the Dalian Commodity Exchange (DCE) over the past week, despite little change to underlying iron ore market fundamentals. In fact, the most actively traded iron ore contract (September) on the...
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