June 2017 | Steel Raw Materials
Iron ore prices lose support: Latest Analysis
Over the week, both premium and hard coking coal pricing fell for both Australian and Chinese material.
Over the past week, iron ore buyers re-entered the market on falling prices, which temporarily boosted the market. This momentum was short-lived and now prices are lower than where they were last week. Fines prices to China lost about 4.4% week-on-week but pellet maintained gains for now. Nevertheless, port stocks remain stubbornly high at a time when blast furnaces have been operating at their upper limits. MBR...
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