August 2019 | Steel Raw Materials
Downtrend persists in the iron ore market: Iron Ore Market Analysis
An uptrend observed in the market until mid-July means contract prices for the second half of the year are on course to exceed spot tags.
Prices continued to decline last week, for a fifth consecutive week. Fastmarkets 62% Fe iron ore index averaged $86.19 per tonne cfr Qingdao in the week ended Friday August 23, down by $4.23 per tonne week on week. The benchmark lost $35.11 over the last five weeks. Last week the index averaged at its lowest level since the week ended March 29. Fastmarkets 65% Fe fines index has...
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