July 2018 | Steel Raw Materials
The price decline sets in, leaving out pellet: Latest Analysis
Our outlook for Q3 remains slightly more bearish than Q2 for iron ore and coking coal, and both the 62% Fe index and all coking coal prices have so far in July averaged lower than the previous month.
THE PRICE DECLINE SETS IN, LEAVING OUT PELLET... The market was looking more mixed for iron ore while coking coal prices have been set on a downward path so far this month. Iron ore fines prices are still sluggish and continued their month-long decline, but in contrast, pellet prices soared by over 9% week on week, cemented by the mounting preference for pellets and high Fe-grade fines among Chinese...
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