June 2018 | Steel Raw Materials
The iron ore market has started to lose momentum: Latest Analysis
Traditionally an inverse relationship between integrated mills’ major raw materials occurs when blast furnace productivity becomes less important.
The iron ore market has started to lose momentum... This week the Metal Bulletin Iron Ore Index for 62% Fe fines (MBIOI62) has started to slide, dropping to $65.49 per tonne cfr Qingdao on Wednesday June 20 from $68.49 on Monday after weekly averages posted rises for three consecutive weeks before. After an impressive surge in underlying demand through April...
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